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    718 Altamonte Dr Altamonte Springs, FL 32701

    Sponsored
    For Sale
    $22,436,479

    Five A-Class QSR/Restaurant properties

    Property size:
    16,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a portfolio of five Class A retail properties totaling 16,014 square feet, situated on a 4.59-acre lot in Altamonte Springs, Florida. The portfolio features a diverse lineup of nationally recognized tenants including Starbucks, Chick-fil-A, Chipotle, Panera Bread, and Raising Cane's, all operating under absolute NNN leases with corporate guarantees and credit ratings. The properties boast a strong Net Operating Income (NOI) of $1,001,763, yielding a 4.46% cap rate at an asking price of $22,436,479. Built in 2024, these single-story buildings are strategically located on East Altamonte Drive (State Road 436), a high-traffic corridor with over 75,000 vehicles passing daily. The location benefits from excellent visibility and accessibility, with multiple access points and proximity to major roadways like Interstate 4 and US 17-92. The portfolio is further enhanced by its location near a significant concentration of residents and employees, boasting above-average household incomes within a 3-mile radius. Four of the five tenants have initial lease terms ranging from 15 to 18 years, with fixed rental rate increases of 9% to 10% every five years, ensuring long-term passive income and strong appreciation potential. The occupancy date is December 16, 2024. This is a fee simple ownership opportunity.

    Property Features for 718 Altamonte Dr

    General Information

    Property type
    Restaurants
    Square Feet
    16,014 SF
    Class
    A
    Lot Size
    199,940 SF

    Building Details

    Year Built
    2024
    Buildings
    5
    Stories
    1

    HighLights

    • Prime location in Altamonte Springs, FL, near I‑4 and US 17‑92.
    • Four of five tenants (including Starbucks) have 15‑18 year initial lease terms.
    • All leases include 9‑10% fixed rent increases every five years.
    • Exceptional tenant lineup featuring Starbucks, Chick‑fil‑A, Chipotle, Panera Bread, and Raising Cane's.
    • High‑visibility site on SR 436 with over 75,000 vehicles daily.
    • Multiple access points from SR 436, plus cross‑access easement to Maitland Ave.
    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
    -81.364866403895
    Latitude
    28.663066417125

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    FAQs

    What type of property is this?
    Restaurant - Five A-Class QSR/Restaurant properties
    Where is this restaurant located?
    The property is located at 718 Altamonte Dr Altamonte Springs, FL.
    What is the asking price?
    The asking price for this property is $22,436,479.
    What are key features of this property?
    This property features: Prime location in Altamonte Springs, FL, near I-4 and US 17-92.; Four of five tenants (including Starbucks) have 15-18 year initial lease terms.; All leases include 9-10% fixed rent increases every five years.
    Request Owner's contact information
    718 Altamonte Dr 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
    718 Altamonte Dr Altamonte Springs, FL 32701
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