Grocery-Anchored Retail Shopping
For Sale
Contact for pricing
Pending
340 N State Rd 434, Altamonte Springs, FL 32714
Winn-Dixie lease recently extended, with 10 years of remaining term and a tenant line-up led by national brands.
Property Size284,497 SF
Days on Market147
Property Features for 340 N State Rd 434
General Information
Standard status
Pending
Size
284,497 SF
Property subtype
RETAIL
Listing Agency:
JLL | Miami
(305) 761-0000
Listed By:
Danny Finkle
Source:
Moodyscre
Added: Mar 11
Changed: Jul 28
Last Checked: Aug 3 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL | Miami
Investment Insights
Based on property information with market context.
This grocery-anchored retail shopping center is For Sale, anchored by a recently extended Winn-Dixie lease with 10 years of remaining term. The property features a well-tenured tenant line-up with 89% of gross leasable area from national tenants.
The offering is positioned around measurable operating momentum cited in the remarks, including a 19.7% 5-year NOI growth and a 4.6% 5-year CAGR. The seller also references demonstrated ability to achieve positive leasing spreads.
As presented, there is actionable value-add potential through lease-up of more than 27,000 square feet. The property is located at 340 N State Rd 434 in Altamonte Springs, Florida 32714.
The offering is positioned around measurable operating momentum cited in the remarks, including a 19.7% 5-year NOI growth and a 4.6% 5-year CAGR. The seller also references demonstrated ability to achieve positive leasing spreads.
As presented, there is actionable value-add potential through lease-up of more than 27,000 square feet. The property is located at 340 N State Rd 434 in Altamonte Springs, Florida 32714.
Key Highlights
- Winn‑Dixie lease recently extended with 10 years of remaining term
- Tenant line‑up led by national brands, with 89% of GLA from national tenants
- Pro forma 19.7% 5‑year NOI growth and 4.6% 5‑year CAGR
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,152
Businesses Nearby
258k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Apparel 24%
Dining 12%
Home Improvements & Furnishings 10%
Wawa
Shops & Services
59,152 visits/mo
0.4 miles
Kohl's
Apparel
56,106 visits/mo
0.3 miles
Dollar Tree
Shops & Services
32,614 visits/mo
0.3 miles
HomeGoods
Home Improvements & Furnishings
26,165 visits/mo
0.5 miles
PDQ
Dining
16,921 visits/mo
0.4 miles
Demographics for 32714, FL
38,049
Population
16,722
Households
2.3
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
8.5 sq mi
ZIP Area
4,476
Density / Sq Mi
$67,333
Median Household Income
$39,714
Median Earnings
$1,641
Median Rent
$292,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Fancy fruit and produce — 945 W State Rd 436, Altamonte Springs, FL 32714
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Winn-Dixie lease recently extended, with 10 years of remaining term and a tenant line-up led by national brands.
Where is this grocery and convenience store located?
The property is located at 340 N State Rd 434 Altamonte Springs, FL.
What are key features of this property?
This property features: Winn‑Dixie lease recently extended with 10 years of remaining term; Tenant line‑up led by national brands, with 89% of GLA from national tenants; Pro forma 19.7% 5‑year NOI growth and 4.6% 5‑year CAGR
