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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
NEW TROPHY 18-YEAR NNN FEE SIMPLE CHIPOTLE WITH CHIPOTLANE AND 10% RENT INCREASES EVERY 5-YEARS
CBRE’s Net Lease Property Group is pleased to present a rare opportunity to acquire a newly developed trophy single-tenant property in one of Central Florida’s strongest retail
trade areas. Chipotle is located at the Shoppes at Altamonte, an infill redevelopment project consisting of a stellar line up of national tenants. Raising Cane’s, Panera Bread,
Starbucks, and First Watch are also now open and operating at this project. This exceptional investment offers long-term passive income with strong fixed rent increases, supported by high-quality underlying real estate.
This Chipotle features a Chipotlane drive thru and is prominently positioned along the densely developed and heavily traveled corridor of E. Altamonte Drive (State Road 436) in Altamonte Springs, just north of Orlando.
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.
CBRE’s Net Lease Property Group is pleased to present a rare opportunity to acquire a newly developed trophy single-tenant property in one of Central Florida’s strongest retail
trade areas. Chipotle is located at the Shoppes at Altamonte, an infill redevelopment project consisting of a stellar line up of national tenants. Raising Cane’s, Panera Bread,
Starbucks, and First Watch are also now open and operating at this project. This exceptional investment offers long-term passive income with strong fixed rent increases, supported by high-quality underlying real estate.
This Chipotle features a Chipotlane drive thru and is prominently positioned along the densely developed and heavily traveled corridor of E. Altamonte Drive (State Road 436) in Altamonte Springs, just north of Orlando.
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.
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 | - |
NEARBY MAJOR RETAILERS
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Chipotle, Shoppes at Altamonte | 760 E Altamonte Dr
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