Long Term Absolute NNN Investment Opportunity

Property ID : 478 North SR 434, Altamonte Springs

For Sale $1,350,000.00 5.5% Cap Rate - Retail
2354 SF Print

478 North SR 434, Altamonte Springs, FL 32714

  • 2,354 SF Freestanding Restaurant with Very Strong Corporate Tenant
    400 SF Outdoor Patio/Dining Area/Drive Thru/Great Signage
    26 Parking Spaces, 100% Renovation by Tenant in 2017
    9 Year Remaining on an Absolute NNN Lease (ZERO Landlord Obligations)
    3% Annual Increases including the (3) Five year options
    Strong Tenant with 9 Locations in Orlando Market
    Highly Concentrated Retail Trade Area of National Retailers & Restaurants
    Near Intersection of SR 434 and SR 436,Traffic Average of 65,000 VPD
    www.foxtailcoffee.com/locations_altamonte
    Current NOI: $74,160
    Sales Price: $1,350,000  (5.5% Cap Rate)
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Agent Vincent Wolle, CCIM, SIOR

  • Office : 407-647-0200
  • Mobile : 407-448-1823
  • Fax : 407-647-0205

As the founder of RREP, Vince has had over 18 years experience in the commercial real estate market and has…
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