460 State Rd 436 Altamonte Springs, FL 32714-4111
- Drive through restaurants
- 2,361 SF
- 0.50 lot acres
Current Use by Public Records
- Popeyes Louisiana Kitchen / Fast Food Restaurant / Restaurant
Property Details for 460 State Rd 436
- Year built
- 1978
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.50 lot acres
- Property size
- 2,361 SF
- Property type
- Drive through restaurants
- APN
- 15-21-29-508-0C03-0000
- APU
- 1521295080C030000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $370,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $350,000
- Mixed-Use
- $360,000
- Hospitality
- $355,000
- Educational
- $380,000
- Residential Income
- $390,000
- Energy
- $360,000
- Income-Based Land
- $335,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Altamonte Springs
- County
- Seminole
- State
- Florida
- Longitude
- -81.3992
- Latitude
- 28.6614
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
