Shoppes at Altamonte
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Shoppes at Altamonte
5 Retail Properties Offered at $22,436,479 in Altamonte Springs, FL
Investment Highlights
- Located in a super-regional trade area in proximity to Interstate 4 and US 17-92
- All leases have fixed rental rate increases every 5 years of 9% to 10%
- Surrounded and supported by over 91,000 residents and over 82,000 daytime employees within 3 miles
- Four of the five tenants have initial lease terms of 15 to 18 years (including Starbucks)
- High visibility site with over 75,000 vehicles per day passing by on SR 436 and Maitland Ave
- Florida has NO STATE INCOME TAX
Executive Summary
CBRE’s Net Lease Property Group is pleased to present a rare opportunity to acquire a newly developed trophy single tenant portfolio in one of Central Florida’s strongest retail trade areas. Shoppes at Altamonte is an infill redevelopment project consisting of five
single-tenant properties leased to Chipotle, Raising Cane’s, Panera Bread, Starbucks, and First Watch. Featuring a stellar line up of the most sought-after national brands in the country, this exceptional investment offers long-term passive income with strong fixed rent increases, supported by high-quality underlying real estate.
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. Grand openings are scheduled for December 16, 2024.
Properties are available separately - please see OM for pricing and details
single-tenant properties leased to Chipotle, Raising Cane’s, Panera Bread, Starbucks, and First Watch. Featuring a stellar line up of the most sought-after national brands in the country, this exceptional investment offers long-term passive income with strong fixed rent increases, supported by high-quality underlying real estate.
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. Grand openings are scheduled for December 16, 2024.
Properties are available separately - please see OM for pricing and details
Property Facts
| Price | $22,436,479 | Status | Active |
| Price / SF | $1,405 / SF | Number of Properties | 5 |
| Cap Rate | 4.46% | Individually For Sale | 5 |
| Sale Type | Investment NNN | Total Building Size | 15,971 SF |
| Price | $22,436,479 |
| Price / SF | $1,405 / SF |
| Cap Rate | 4.46% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 5 |
| Total Building Size | 15,971 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Raising Cane's
780 E Altamonte Dr, Altamonte Springs, FL 32701 |
Retail | 3,181 SF | 2024 | $5,000,000 |
|
First Watch
720 E Altamonte Dr, Altamonte Springs, FL 32701 |
Retail | 3,900 SF | 2024 | $4,382,857 |
|
Panera Bread
730 E Altamonte Dr, Altamonte Springs, FL 32701 |
Retail | 3,835 SF | 2024 | $3,603,622 |
|
Chipotle
750 E Altamonte Dr, Altamonte Springs, FL 32701 |
Retail | 2,493 SF | 2024 | $5,250,000 |
|
Starbucks
760 E Altamonte Dr, Altamonte Springs, FL 32701 |
Retail | 2,562 SF | 2024 | $4,200,000 |
-
Ray Romano -
Mark Drazek -
CBRE, Inc.
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