Miami Investor Purchases Retail Land Under Portillo’s In Clermont For $6.39M
1251 East Highway 50
$6,390,000
$808/SF
Building Size
7,900 SF
Asset Type
Retail
Closing
Jul 17, 2025
AI
The property involved in this transaction is a retail asset located at 1251 East Highway 50 in Clermont, covering approximately 3 acres. The sale was completed for a transaction amount of $6,390,000. The property has a total square footage of 7,900, resulting in a price per square foot of $809.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,390,000
- Square Footage: 7,900
- Price per Square Foot: $809
- Address: 1251 East Highway 50
- Market: Clermont
- Acres: 3
- Seller: Ryan Stahl - Equinox Development
- Brokers: William Wamble, Daniel Becker & Patrick Nutt - SRS Real Estate Partners
- Cap Rate: 5.4%
- Lease Type: Absolute NNN
- Remaining Lease Term: Approximately 8 years
A Miami-based investor acquired the land beneath a Portillo's in Clermont through a 1031 exchange. SRS Real Estate Partners facilitated the transaction on behalf of the seller, Ryan Stahl of Equinox Development, highlighting the area's strong residential growth and its strategic location near key highways.
Players
Clermont Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93