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    780 Altamonte Dr Altamonte Springs, FL 32701

    Sponsored
    For Sale
    $5,000,000

    High-yield, 15-year NNN lease, prime location

    Property size:
    3,224 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership of a newly constructed, 3,224 square foot Raising Cane's restaurant in Altamonte Springs, Florida. Located within the Shoppes at Altamonte, a premier retail center, this Class A property boasts a 15.1-year absolute NNN lease commencing December 16, 2024, and expiring January 1, 2040. The lease includes a corporate guarantee from Raising Cane's, a highly successful fast-food chain projected to exceed $4.5 billion in system-wide sales and achieve a $6 million average unit volume (AUV) in 2024. The property features a modern design, including a double drive-thru and patio, and benefits from a high-traffic location on State Road 436, with over 75,000 vehicles passing daily. Situated near Interstate 4 and US 17-92, this location enjoys excellent visibility and accessibility within a densely populated area with above-average household incomes. The lease provides for fixed 10% rent increases every five years, ensuring consistent income growth. With a current net operating income (NOI) of $200,000 and a 4.00% cap rate, this investment offers a compelling return on investment. The property is part of a larger development anchored by other highly sought-after national retail tenants, further enhancing its value and long-term stability. The asking price is $5,000,000. This is a rare opportunity to acquire a strong-performing, passively managed asset in a thriving market.

    Property Features for 780 Altamonte Dr

    General Information

    Property type
    Restaurants
    Square Feet
    3,224 SF
    Class
    A

    Building Details

    Year Built
    2024
    Buildings
    1

    HighLights

    • $5,000,000 Asking Price, Net Lease, Class A Raising Cane's property in Altamonte Springs, FL.
    • 15.1‑year absolute NNN lease with corporate guarantee, commencing December 16, 2024.
    • 3,224 square feet, 100% occupancy, $200,000 NOI, 4.00% cap rate.
    • Located in a high‑traffic area near I‑4 and US 17‑92, with strong demographics.
    • Part of the new Shoppes at Altamonte development, alongside other national brands.
    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
    -81.363213575858
    Latitude
    28.663058344781

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    FAQs

    What type of property is this?
    Restaurant - High-yield, 15-year NNN lease, prime location
    Where is this restaurant located?
    The property is located at 780 Altamonte Dr Altamonte Springs, FL.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: $5,000,000 Asking Price, Net Lease, Class A Raising Cane's property in Altamonte Springs, FL.; 15.1-year absolute NNN lease with corporate guarantee, commencing December 16, 2024.; 3,224 square feet, 100% occupancy, $200,000 NOI, 4.00% cap rate.
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    780 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
    780 Altamonte Dr Altamonte Springs, FL 32701
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