Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Braxtyn Crossings, located at 767 S State Road 434 in Altamonte Springs, Florida. The 6,543-square-foot multi-tenant retail center is 100% occupied and is offered at a 6.00% Year 1 cap rate, with a projected 6.08% Year 2 cap rate. The property provides investors with stable in-place income in a prime Altamonte Springs location surrounded by strong retail, employment, educational, and residential demand drivers. Current net rents average approximately $27.60 PSF, below the surrounding market asking rent of $31.18 PSF, providing investors with the opportunity to increase rental rates closer to market as leases renew or roll over. The surrounding retail submarket maintains a low 3.5% vacancy rate, further supporting tenant demand and limited availability within the immediate area. Braxtyn Crossings is positioned along State Road 434, seeing approximately 44,500 vehicles per day, and benefits from its proximity to major employment, educational, residential, and retail demand generators. The property is located near Seminole State College’s Altamonte Springs Campus, AdventHealth’s corporate headquarters, Maitland Center, and the Publix-anchored Gateway Crossings, while continued residential development in the surrounding area is further expanding the local consumer base. The property serves a dense and established trade area with approximately 256,700 residents within five miles and an average household income of approximately $90,300 within three miles. Combined with strong surrounding occupancy, below-market in-place rents, and continued investment and residential growth along the SR 434 corridor, Braxtyn Crossings offers investors a well-positioned multi-tenant retail asset with stable current income and future rental growth potential.