Panera Bread, Shoppes at Altamonte 730 E Altamonte Dr 3,835 SF Retail Building Altamonte Springs, FL 32701 $3,603,622 ($939.67/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- • Located in a super-regional trade area in proximity to Interstate 4 and US 17-92
- • Stand alone with drive thru and patio
- • High visibility site with over 75,000 vehicles per day passing by on SR 436 and Maitland Ave
- • Relocation of a long-term successful Panera Bread from a neighboring multi-tenant retail center
- • 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. Panera opening February 2025.
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,835 SF
Building Class
C
Year Built
2024
Price
$3,603,622
Price Per SF
$939.67
Cap Rate
4.50%
NOI
$162,163
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
4.59 AC
Zoning
C-G - General Commercial
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Panera Bread
- Retailer
- 3,835 SF
- $42.29
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Panera Bread | Retailer | 3,835 SF | $42.29 | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-21-29-5BE-0000-4270 | Improvements Assessment | $0 |
| Land Assessment | $496,600 | Total Assessment | $496,600 |
