460 State Road 436Altamonte Springs, FL 32714

Property Details for 460 State Road 436

Year built

1978

Construction

CONCRETE BLOCKS

Lot size

0.50 AC

Property size (Sq ft)

2,361 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

15-21-29-508-0C03-0000

APU

1521295080C030000

Description

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.

Location Insight

City

Altamonte Springs

County

Seminole

State

Florida

Latitude

28.6614

Longitude

-81.3992

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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