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Miami Investor Purchases Retail Land Under Portillo’s In Clermont For $6.39M

Property Image
SOLD
$6,390,000
Daniel Becker
William Wamble
Patrick Nutt
+ 1

Florida

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Retail7,900 SF
Sold 07/17/2025
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Property Image
SOLD

Miami Investor Purchases Retail Land Under Portillo’s In Clermont For $6.39M

1251 East Highway 50

See Similar Deals
Retail7,900 SF
Sold 07/17/2025
Daniel Becker
William Wamble
Patrick Nutt
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$808
Total Square Footage:7,900 SF
Transaction Type:Sale

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

Patrick Nutt
SRS Real Estate Partners
Patrick Nutt
74 deals$552.4M volume
BROKER
William Wamble
SRS Real Estate Partners
William Wamble
53 deals$355.7M volume
BROKER
Daniel Becker
SRS Real Estate Partners
Daniel Becker
4 deals$25.7M volume(813) 675-5004
BROKER
Ryan Stahl
Equinox Development
Ryan Stahl
2 deals$8.9M volume
SELLER

Details

SOLD
IMAGE: Daniel Becker, Ryan Stahl, Patrick Nutt & William Wamble DATE: 07/17/2025 ADDRESS: 1251 East Highway 50 MARKET: Clermont ASSET TYPE: Retail ~ ACRES: 3 SELLER: Ryan Stahl - Equinox Development BROKERS: William Wamble (@Wamblew), Daniel Becker & Patrick Nutt (@PatrickNutt) - SRS Real Estate Partners (@SRSRealEstatePartners) SALE PRICE: $6,390,000 SF: 7,900 ~ PPSF: $809 NOTE: A Miami-based investor bought the land under a Portillo’s in Clermont, FL for $6.39M in a 1031 exchange at a 5.4% cap rate, with about eight years remaining on the tenant’s absolute NNN lease. SRS Real Estate Partners brokered the deal on behalf of seller Ryan Stahl of Equinox Development, citing strong residential growth and strategic location near key highways.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$340,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,702.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,291.86
Annual Debt Service$363,502.32