Florida-Based Private Investor Acquires Chipotle Property In Lake Wales For $3.75M With SRS Representation

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.