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780 E Altamonte Dr
Altamonte Springs, FL 32701
Raising Cane's, Shoppes at Altamonte · Retail Property For Sale
Investment Highlights
- • New 15-Year NNN Lease with fixed 10% rent increases every 5 years
- • Located in a super-regional trade area in proximity to Interstate 4 and US 17-92
- • High visibility site with over 75,000 vehicles per day passing by on SR 436 and Maitland Ave
- • Raising Cane’s is projected to exceed $4.5 billion in system wide sales & achieve $6 million in AUV in 2024
- • Latest prototype store with double drive thru and patio
- • Surrounded and supported by over 91,000 residents and over 82,000 daytime employees within 3 miles
Executive Summary
NEW TROPHY 15-YEAR NNN RAISING CANE'S WITH 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. Raising Cane’s is located at the Shoppes at Altamonte, an infill redevelopment project consisting of a stellar line up of highly sought after national tenants. Chipotle, 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.
Raising Cane’s 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.
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. Raising Cane’s is located at the Shoppes at Altamonte, an infill redevelopment project consisting of a stellar line up of highly sought after national tenants. Chipotle, 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.
Raising Cane’s 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.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,224 SF
Building Class
C
Year Built
2025
Price
$4,705,000
Price Per SF
$1,459.37
Cap Rate
4.25%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Zoning
C-G - General Commercial
Amenities
- Signage
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