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Chipotle, Shoppes at Altamonte 760 E Altamonte Dr 2,493 SF Retail Building Altamonte Springs, FL 32701 $4,941,000 ($1,981.95/SF) 4.25% Cap Rate
Investment Highlights
- • New 18-year NNN lease with Chipotlane drive thru. Chipotle's 2024 revenue was $11.3 Billion
- • 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
CBRE’s Net Lease Property Group is pleased to present the opportunity to acquire a newly constructed, single tenant Chipotle located within one of Central Florida’s most established retail corridors. The asset is situated in The Shoppes at Altamonte, a high-quality infill redevelopment featuring a strong lineup of national
tenants including Raising Cane’s, Panera Bread, Starbucks, and First Watch—all open and operating.
The property benefits from its location along East Altamonte Drive (SR 436), a primary commercial artery with significant daily traffic counts and strong retail demand. Positioned within a dense, high-income trade area just north of Orlando, the site draws consistent consumer traffic throughout the day, supported by surrounding
retail, residential, and employment drivers.
The Chipotle is equipped with a Chipotlane® drive-thru, enhancing throughput, convenience, and long-term tenant performance. This format has become a key driver of sales for the brand and reinforces the asset’s long-term viability.
tenants including Raising Cane’s, Panera Bread, Starbucks, and First Watch—all open and operating.
The property benefits from its location along East Altamonte Drive (SR 436), a primary commercial artery with significant daily traffic counts and strong retail demand. Positioned within a dense, high-income trade area just north of Orlando, the site draws consistent consumer traffic throughout the day, supported by surrounding
retail, residential, and employment drivers.
The Chipotle is equipped with a Chipotlane® drive-thru, enhancing throughput, convenience, and long-term tenant performance. This format has become a key driver of sales for the brand and reinforces the asset’s long-term viability.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,493 SF
Building Class
C
Year Built
2024
Price
$4,941,000
Price Per SF
$1,981.95
Cap Rate
4.25%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Zoning
C-G - General commercial
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chipotle
- Retailer
- 2,493 SF
- $84.24
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chipotle | Retailer | 2,493 SF | $84.24 | Triple Net | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 10
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Chipotle, Shoppes at Altamonte | 760 E Altamonte Dr
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