Technical
Financial
Distress signals
Property profile

460 W State Road 436 Altamonte Springs, FL 32714

FOR SALE
Drive through restaurants
Property ID
US18-6012363
2,361 SF 0.5 ac lot Built 1978
Entity Owned 5-yr Hold ~ Est. High Equity
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460 W State Road 436, Altamonte Springs, FL 32714 For Sale
Contact for pricing 2,361 SF
460 W State Road 436, Altamonte Springs, FL 32714
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

460 W State Road 436 Altamonte Springs, FL 32714
Altamonte Springs metro Census 21705 ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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