750 Altamonte Dr Altamonte Springs, FL 32701
- Commercial real estate
- 2,493 SF
Current Use by Public Records
- Commercial real estate
Property Details for 750 Altamonte Dr
- Year built
- 2024
- Property size
- 2,493 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Altamonte Springs
- County
- Seminole
- State
- Florida
- Longitude
- -81.364421799273
- Latitude
- 28.663039147084
