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Property profile & analytics
OFF-MARKET
Drive through restaurants

460 State Rd 436 Altamonte Springs, FL 32714-4111

2,361 SF 0.5 ac lot Built 1978
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-6012363
Property summary
AI-generated overview

This exceptional investment opportunity presents a portfolio of fourteen Popeyes restaurants totaling 31,988 square feet across Florida and Illinois. The properties are held under a master lease with an absolute NNN structure, providing significant investor protection. The lease boasts a substantial initial net operating income (NOI) and features a remaining term of approximately 16.6 years, extending to June 30, 2041. The lease includes four, five-year renewal options, further enhancing the long-term value. A key advantage is the rare 2% annual rent increases built into the lease, providing consistent growth and predictable cash flow. The portfolio's locations are strategically situated within high-traffic retail corridors, benefiting from strong demographics. Average population within a three-mile radius of each location is 70,281, with an average household income of $84,191. The portfolio encompasses 9.41 acres of land. This offering represents a compelling opportunity for investors seeking a stable, high-performing, and long-term net lease investment in the fast-food sector. The portfolio's strong tenant, favorable lease terms, and prime locations combine to create a highly attractive investment proposition.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1978
Construction CONCRETE BLOCKS
Total area 2,361 SF
Lot 0.5 ac (21,662 SF)
APN 15-21-29-508-0C03-0000
UPID US18-6012363
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Popeyes Louisiana Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Chancellor Income Holdings LLC · 4 yrs held
Chancellor Income Holdings LLC
since 2021
Last sale
$430,000
5 recorded transactions
2021
$430,000
2012
$800,428
2012
$430,000
2007
Price N/A
2000
$496,600
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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