Shoppes at Altamonte Retail FOR SALE


Altamonte Springs, FL
$18,053,622 USD
407-808-1657
, Altamonte Springs, FL for Sale
$18,053,622 USD
Retail - FOR SALE
1/15
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Shoppes at Altamonte
Altamonte Springs, FL


HIGHLIGHTS

  • Located in a super-regional trade area in proximity to Interstate 4 and US 17-92
  • All four leases have initial lease terms of 15 to 18 years
  • All leases have fixed rental rate increases every 5 years of 9% to 10%
  • High visibility site with over 75,000 vehicles per day passing by on SR 436 and Maitland Ave
  • Surrounded and supported by over 91,000 residents and over 82,000 daytime employees within 3 miles
  • Florida has NO STATE INCOME TAX

OVERVIEW

Properties are available separately - please 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 four single-tenant properties leased to Chipotle, Raising Cane’s, Panera Bread, and Starbucks. 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. All stores opening in January & February 2025.

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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Ray RomanoCBRE, Inc.More Info
407-808-1657

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.