For Sale
Call for price

460 State Road 436Altamonte Springs, FL 32714

14 Florida & Illinois QSR locations

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of fourteen Popeyes restaurants totaling 31,988 square feet across Florida and Illinois. The properties are held under a master lease with an absolute NNN structure, providing significant investor protection. The lease boasts a substantial initial net operating income (NOI) and features a remaining term of approximately 16.6 years, extending to June 30, 2041. The lease includes four, five-year renewal options, further enhancing the long-term value. A key advantage is the rare 2% annual rent increases built into the lease, providing consistent growth and predictable cash flow. The portfolio's locations are strategically situated within high-traffic retail corridors, benefiting from strong demographics. Average population within a three-mile radius of each location is 70,281, with an average household income of $84,191. The portfolio encompasses 9.41 acres of land. This offering represents a compelling opportunity for investors seeking a stable, high-performing, and long-term net lease investment in the fast-food sector. The portfolio's strong tenant, favorable lease terms, and prime locations combine to create a highly attractive investment proposition.

Highlights

  • 14-property portfolio in Florida and Illinois.
  • NNN master lease portfolio.
  • 31,988 square feet on 9.41 acres.
  • Four 5-year lease renewal options.
  • 2% annual rent increases.
  • $2,142,685 Year 1 Net Operating Income (NOI).

Property Details for 460 State Road 436

Property type
Retail properties
Square Feet
31,988 SF
Buildings
14
Lot Size (sq. ft)
409,900 SF

Location Insight

City
Altamonte Springs
County
Seminole
State
Florida
Latitude
28.6613775
Longitude
-81.399199
460 State Road 436, Altamonte Springs, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
460 State Road 436
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message