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    730 Altamonte Dr Altamonte Springs, FL 32701

    Sponsored
    For Sale
    $3,603,622

    Altamonte Springs, FL: Prime QSR location, strong NOI.

    Property size:
    3,835 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership of a brand-new, free-standing Panera Bread restaurant in Altamonte Springs, Florida. The property boasts 3,835 square feet and is situated on a highly visible location along East Altamonte Drive (State Road 436), a heavily trafficked corridor with over 75,000 vehicles passing daily. This is a relocation of an existing, successful Panera Bread from a nearby location, ensuring a strong, established tenant. The property features a drive-thru and patio, maximizing customer convenience. The absolute NNN lease commenced December 16, 2024, and has a remaining term of 16.1 years, with 9% rent bumps every 5 years and five 5-year lease options. The current Net Operating Income (NOI) is $162,163, resulting in a 4.50% cap rate. The property is part of the Shoppes at Altamonte, a newly developed retail center featuring other highly sought-after national brands. The location benefits from a strong demographic profile, with average household incomes exceeding $108,000 within a 3-mile radius. Its proximity to major roadways like Interstate 4 and US 17-92, along with its adjacency to AdventHealth Altamonte Springs hospital and Altamonte Mall, further enhances its desirability. The property offers multiple access points, ensuring easy accessibility for customers. This is a rare opportunity to acquire a high-quality, passively managed investment with significant long-term growth potential. The asking price is $3,603,622.

    Property Features for 730 Altamonte Dr

    General Information

    Property type
    Restaurants
    Square Feet
    3,835 SF
    Class
    A

    Building Details

    Year Built
    2024
    Buildings
    1
    Units
    1

    HighLights

    • Fee‑simple ownership of a new, 3,835 SF free‑standing Panera Bread in Altamonte Springs, FL.
    • Relocation of an existing, successful Panera Bread to a high‑visibility site on SR 436 (75,000+ VPD).
    • Free‑standing building with drive‑thru and patio.
    • Located within the Shoppes at Altamonte, a new retail center with other national brands.
    • High‑traffic location with multiple access points from SR 436 and Maitland Ave, offering excellent accessibility.
    • Strong demographics: Average household income exceeding $108,000 within a 3‑mile radius, adjacent to AdventHealth Altamonte Springs and Altamonte Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.365184983876
    Latitude
    28.663114772641

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    FAQs

    What type of property is this?
    Restaurant - Altamonte Springs, FL: Prime QSR location, strong NOI.
    Where is this restaurant located?
    The property is located at 730 Altamonte Dr Altamonte Springs, FL.
    What is the asking price?
    The asking price for this property is $3,603,622.
    What are key features of this property?
    This property features: Fee-simple ownership of a new, 3,835 SF free-standing Panera Bread in Altamonte Springs, FL.; Relocation of an existing, successful Panera Bread to a high-visibility site on SR 436 (75,000+ VPD).; Free-standing building with drive-thru and patio.
    Request Owner's contact information
    730 Altamonte Dr Altamonte Springs, FL 32701
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    Altamonte Springs, FL 32701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    730 Altamonte Dr Altamonte Springs, FL 32701
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