780 E Altamonte Dr - Fast Food FOR SALE


Altamonte Springs, FL 32701
$5,000,000 USD
407-808-1657
780 E Altamonte Dr, Altamonte Springs, FL for Sale
$5,000,000 USD
Fast Food - FOR SALE
1/10
null | 4% Cap Rate

780 E Altamonte Dr
Altamonte Springs, FL 32701


HIGHLIGHTS

  • • New 15-Year NNN Lease with fixed 10% rent increases every 5 years
  • • Raising Cane’s is projected to exceed $4.5 billion in system wide sales & achieve $6 million in AUV in 2024
  • • Located in a super-regional trade area in proximity to Interstate 4 and US 17-92
  • • Latest prototype store with double drive thru and patio
  • • High visibility site with over 75,000 vehicles per day passing by on SR 436 and Maitland Ave
  • • Surrounded and supported by over 91,000 residents and over 82,000 daytime employees within 3 miles

OVERVIEW

CBRE’s Net Lease Property Group is pleased to present a rare opportunity to acquire a newly developed trophy single-tenant property in one of Central Florida’s strongest retail trade areas. Raising Cane’s is located at the Shoppes at Altamonte, an infill redevelopment project consisting of a stellar line up of highly sought after national tenants. Chipotle, Panera Bread, Starbucks, and First Watch are also now open and operating at this project. This exceptional investment offers long-term passive income with strong fixed rent increases, supported by high-quality underlying real estate. Raising Cane’s is prominently positioned along the densely developed and heavily traveled corridor of E. Altamonte Drive (State Road 436) in Altamonte Springs, just north of Orlando. Shoppes at Altamonte is prominently positioned on 4.59+ acres with over 675’ of frontage along the densely developed and heavily travelled corridor of E. Altamonte Drive (State Road 436) in Altamonte Springs, just north of Orlando.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$1,572 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's, Shoppes at Altamonte

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-G

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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Ray RomanoCBRE, Inc.More Info
407-808-1657

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.