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    750 Altamonte Dr Altamonte Springs, FL 32701

    Sponsored
    For Sale
    $5,250,000

    Altamonte Springs, FL: Prime QSR location.

    Property size:
    2,493 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership of a newly constructed, 2,493 square foot Chipotle restaurant located at 750 E Altamonte Dr, Altamonte Springs, FL 32701. The property boasts a brand-new, absolute NNN lease with a credit-rated corporate guarantor, ensuring consistent cash flow. The lease commenced December 16, 2024, and has a remaining term of 18.1 years, with four 5-year options, each including a 10% rent increase. The current annual net operating income (NOI) is $210,000, representing a 4.00% cap rate on the $5,250,000 asking price. This Class A property is situated in a high-traffic area with excellent visibility along State Road 436, benefiting from over 75,000 vehicles per day. The location is part of the Shoppes at Altamonte, a redevelopment project featuring other highly sought-after national brands. The property benefits from a strong demographic profile, with over 91,000 residents and 82,000 daytime employees within a 3-mile radius, and above-average household incomes exceeding $108,000 within the same area. The site's proximity to major roadways, including Interstate 4 and US 17-92, and its adjacency to AdventHealth's Altamonte Springs hospital campus further enhance its desirability. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime Orlando MSA location.

    Property Features for 750 Altamonte Dr

    General Information

    Property type
    Restaurants
    Square Feet
    2,493 SF
    Class
    A

    Building Details

    Year Built
    2024
    Buildings
    1

    HighLights

    • Excellent location in a super‑regional trade area, near I‑4 and US 17‑92.
    • New 18‑year NNN lease with Chipotle featuring a Chipotlane drive‑thru.
    • Rent increases 10% every 5 years, including options.
    • Part of the Shoppes at Altamonte, a redeveloped center with strong national tenants.
    • High visibility site on SR 436 and Maitland Ave, with over 75,000 vehicles daily.
    • Multiple access points from SR 436 and 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 Spa & Massage Dental Office 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
    -81.364421799273
    Latitude
    28.663039147084

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    FAQs

    What type of property is this?
    Restaurant - Altamonte Springs, FL: Prime QSR location.
    Where is this restaurant located?
    The property is located at 750 Altamonte Dr Altamonte Springs, FL.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: Excellent location in a super-regional trade area, near I-4 and US 17-92.; New 18-year NNN lease with Chipotle featuring a Chipotlane drive-thru.; Rent increases 10% every 5 years, including options.
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    750 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
    750 Altamonte Dr Altamonte Springs, FL 32701
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