4500 S US Highway 17/92
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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
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
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
PROPERTY TAXES
| Parcel Number | 08-21-30-530-0000-0050 | Improvements Assessment | $382,593 |
| Land Assessment | $546,289 | Total Assessment | $928,882 |
PROPERTY TAXES
Parcel Number
08-21-30-530-0000-0050
Land Assessment
$546,289
Improvements Assessment
$382,593
Total Assessment
$928,882
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Presented by
Kevin D Richards
4500 S US Highway 17/92
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