Log In/Sign Up
Your email has been sent.
Raising Cane's, Shoppes at Altamonte 780 E Altamonte Dr 3,224 SF Retail Building Altamonte Springs, FL 32701 $4,705,000 ($1,459.37/SF) 4.25% Cap Rate
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
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
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Raising Cane's
- Retailer
- 3,224 SF
- $62.03
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Raising Cane's | Retailer | 3,224 SF | $62.03 | Triple Net | - |
NEARBY MAJOR RETAILERS
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Raising Cane's, Shoppes at Altamonte | 780 E Altamonte Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.