4500 S US Highway 17/92

3,616 SF Retail Building Casselberry, FL 32707 $2,000,000 ($553/SF)

Investment Highlights

  • Steak 'n Shake location with a strong, established tenant—secured income with minimal management responsibilities.
  • Situated in a high-traffic corridor with easy connections to major highways and nearby commercial hubs.
  • Strategically located in a Target shopping center, benefiting from strong retail traffic and consumer demand.
  • Nearby retailers include PetSmart, Fifth Third Bank, Lowe's, and Floor & Decor.

Executive Summary

This property at 4500 S US Highway 17/92 in Casselberry, FL offers a prime investment opportunity in a high-traffic location with excellent visibility and convenient access to I-4 and Downtown Orlando. The fully leased Steak 'n Shake location sits on an outparcel within a Target shopping center, benefiting from strong retail traffic and consistent consumer demand. Featuring a triple-net (NNN) lease structure, this investment offers hands-off ownership with the tenant covering taxes, insurance, and maintenance costs. Built in 1999, the 3,616 SF building is zoned GC (general commercial), allowing for flexibility and long-term use options. This property is ideal for investors seeking stable income, a strategic retail location, and future growth potential with minimal management hassle.

Property Facts In Escrow

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,616 SF
Building Class
B
Year Built
1999
Price
$2,000,000
Price Per SF
$553
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.88 AC
Opportunity Zone
Yes
Zoning
CG - General Commercial
Parking
30 Spaces (8.32 Spaces per 1,000 SF Leased)
Frontage
115 FT on Us-17-92 Hwy

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
7,266
95,684
241,729
492,178
2029 Population
7,633
99,726
251,742
509,069
2024-2029 Projected Population Growth
5.1%
4.2%
4.1%
3.4%
Median Age
39.1
41.7
41.1
40.3
College Degree + Higher
30%
34%
38%
26%
Daytime Employees
6,237
47,961
139,799
306,415
Total Businesses
737
6,657
18,330
42,579
Average Household Income
$73,443
$81,748
$91,052
$92,524
Median Household Income
$58,450
$60,964
$66,641
$66,752
Total Consumer Spending
$80.6M
$1.1B
$3B
$6.1B
2024 Households
3,052
40,138
100,430
201,807
Average Home Value
$272,206
$312,674
$374,155
$379,012

Nearby Major Retailers

Fifth Third Bank
Steak ‘n Shake
Truist
Anytime Fitness
Rent-A-Center
Publix
Cross Fit Battlecry
Applebee's
Bob Evans Restaurants
Waffle House

PROPERTY TAXES

  • Listing ID: 33883647

  • Date on Market: 11/15/2024

  • Last Updated:

  • Address: 4500 S US Highway 17/92, Casselberry, FL 32707