Chipotle, Shoppes at Altamonte | 750 E Altamonte Dr
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Chipotle, Shoppes at Altamonte 750 E Altamonte Dr
2,493 SF Retail Building Altamonte Springs, FL 32701 £4,107,863 (£1,648/SF) 4% Net Initial Yield
Investment Highlights
- • New 18-year NNN lease with Chipotlane drive thru
- • Fixed 10% rent increases every 5 years including options
- • Surrounded and supported by over 91,000 residents and over 82,000 daytime employees within 3 miles
- • Located in a super-regional trade area in proximity to Interstate 4 and US 17-92
- • Part of Shoppes at Altamonte, an infill redevelopment with a stellar line up of highly sought after national retail tenants
- • Above average household incomes in excess of $108,000 within 3 miles
Executive Summary
Properties within this portfolio are available separately - see OM for pricing and details
CBRE’s Net Lease Property Group is pleased to present a rare opportunity to acquire a newly developed trophy single tenant portfolio in one of Central Florida’s strongest retail trade areas. Shoppes at Altamonte is an infill redevelopment project consisting of five single-tenant properties leased to Chipotle, Raising Cane’s, Panera Bread, Starbucks, and First Watch. Featuring a stellar line up of the most sought-after national brands in the country, this exceptional investment offers long-term passive income with strong fixed rent increases, supported by high-quality underlying real estate.
Shoppes at Altamonte is prominently positioned on 4.59+ acres with over 675’ of frontage along the densely developed and heavily travelled corridor of E. Altamonte Drive (State Road 436) in Altamonte Springs, just north of Orlando. Grand openings are scheduled for December 16, 2024.
CBRE’s Net Lease Property Group is pleased to present a rare opportunity to acquire a newly developed trophy single tenant portfolio in one of Central Florida’s strongest retail trade areas. Shoppes at Altamonte is an infill redevelopment project consisting of five single-tenant properties leased to Chipotle, Raising Cane’s, Panera Bread, Starbucks, and First Watch. Featuring a stellar line up of the most sought-after national brands in the country, this exceptional investment offers long-term passive income with strong fixed rent increases, supported by high-quality underlying real estate.
Shoppes at Altamonte is prominently positioned on 4.59+ acres with over 675’ of frontage along the densely developed and heavily travelled corridor of E. Altamonte Drive (State Road 436) in Altamonte Springs, just north of Orlando. Grand openings are scheduled for December 16, 2024.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,493 SF
Building Class
C
Year Built
2024
Price
£4,107,863
Price Per SF
£1,648
Net Initial Yield
4%
NOI
£164,315
Tenancy
Single
Number of Floors
1
Zoning
C-G - General commercial
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £218,058 | |
| Land Assessment | £413,201 | Total Assessment | £1,569,180 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£413,201
Improvements Assessment
£218,058
Total Assessment
£1,569,180
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Chipotle, Shoppes at Altamonte | 750 E Altamonte Dr
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