Florida-Based Private Investor Acquires Chipotle Property In Lake Wales For $3.75M With SRS Representation
23250 Us 27
$3,750,000
$1,503/SF
Building Size
2,494 SF
Asset Type
Retail
Closing
Mar 19, 2026
About this deal
AI
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.
On the Map
$3,750,000
$1,503/SF
Retail
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Players
Lake Wales 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93