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Florida-Based Private Investor Acquires Chipotle Property In Lake Wales For $3.75M With SRS Representation
SOLD
$3,750,000
Florida
See Similar DealsRetail2,494 SF
Sold 03/19/2026
SOLD
Florida-Based Private Investor Acquires Chipotle Property In Lake Wales For $3.75M With SRS Representation
23250 Us 27
See Similar DealsRetail2,494 SF
Sold 03/19/2026
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,503
Total Square Footage:2,494 SF
Transaction Type:Sale
A 2,494-square-foot retail property, specifically a Chipotle location, has been sold for $3.75 million. The property spans 1.09 acres and is situated at 23250 US-27 in Lake Wales. It is under a 15-year corporate-guaranteed triple-net lease, ensuring a stable investment opportunity.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,750,000
- Square Footage: 2,494
- Address: 23250 US-27
- Market: Lake Wales
- Price per Square Foot: $1,504
- Acres: 1.09
The seller was a Florida-based retail developer, while the buyer is a Florida-based private investor completing a 1031 exchange. The transaction was facilitated by William Wamble, Patrick Nutt, and Connor Barton, all representing SRS Real Estate Partners in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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