14-Property NNN Restaurant
For Sale
Contact for pricing
460 W State Rd 436, Altamonte Springs, FL 32714
Multi-state restaurant portfolio leased under an absolute NNN master lease with long-term contractual rent growth.
Property Size31,988 SF
Days on Market142
Property Features for 460 W State Rd 436
General Information
Standard status
Active
Size
31,988 SF
Property subtype
Retail
Net Operating Income
$2,142,685
Listing Agency:
CBRE - Atlanta
(404) 504-7893
Listed By:
Chris Bosworth · License #GA 248342
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 10:39PM
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 CBRE - Atlanta
Investment Insights
Based on property information with market context.
This portfolio comprises 14 Popeyes restaurant properties totaling 31,988 square feet across Florida and Illinois. The assets are consolidated under an absolute NNN master lease with Sailormen, Inc., placing the portfolio within a single lease structure and tenant relationship.
The lease has ±16.7 years of remaining term, includes 2% annual rent increases, and provides four 5-year renewal options. A 10-year early extension was completed in 2021. The properties are situated along retail and commercial corridors, with an average 3-mile population of 70,281 and average 3-mile household income of $84,191.
The lease has ±16.7 years of remaining term, includes 2% annual rent increases, and provides four 5-year renewal options. A 10-year early extension was completed in 2021. The properties are situated along retail and commercial corridors, with an average 3-mile population of 70,281 and average 3-mile household income of $84,191.
Key Highlights
- 14 Popeyes restaurant properties across Florida and Illinois
- 31,988 square feet across the portfolio
- Absolute NNN master lease with Sailormen, Inc.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,106
Businesses Nearby
296k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 15%
Hotels & Casinos 11%
Home Improvements & Furnishings 2%
Chick-fil-A
Dining
49,536 visits/mo
0.4 miles
McDonald's
Dining
38,954 visits/mo
0.4 miles
Olive Garden
Dining
26,085 visits/mo
0.4 miles
Cracker Barrel Old Country Store
Dining
22,909 visits/mo
0.2 miles
LongHorn Steakhouse
Dining
15,786 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Multi-state restaurant portfolio leased under an absolute NNN master lease with long-term contractual rent growth.
Where is this nnn property located?
The property is located at 460 W State Rd 436 Altamonte Springs, FL.
What are key features of this property?
This property features: 14 Popeyes restaurant properties across Florida and Illinois; 31,988 square feet across the portfolio; Absolute NNN master lease with Sailormen, Inc.
