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Private Investor Acquires 7-Eleven Retail Property In Homosassa For $8.9 Million Through SRS Real Estate Partners

Property Image
SOLD
$8,900,000
William Wamble
Patrick Nutt

Florida

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Retail4,650 SF
Sold 01/31/2025
the dealplayerscompscontact
Property Image
SOLD

Private Investor Acquires 7-Eleven Retail Property In Homosassa For $8.9 Million Through SRS Real Estate Partners

4018 Suncoast Boulevard

See Similar Deals
Retail4,650 SF
Sold 01/31/2025
William Wamble
Patrick Nutt
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,914
Total Square Footage:4,650 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 4018 South Suncoast Boulevard, Homosassa. The sale price was $8,900,000 for a total area of 4,650 square feet, situated on a 1.8-acre lot. The property is leased on a 15-year corporate-guaranteed agreement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,900,000
  • Square Footage: 4,650 SF
  • Price Per Square Foot: $1,914
  • Address: 4018 South Suncoast Boulevard
  • Market: Homosassa
  • Acres: 1.8

Patrick Nutt and William Wamble of SRS Real Estate Partners represented the buyer, a private investor from Florida, in the acquisition of the property from a Florida-based developer.

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

Details

SOLD
IMAGE: Patrick Nutt & William Wamble DATE: 01/31/2025 ADDRESS: 4018 South Suncoast Boulevard MARKET: Homosassa ASSET TYPE: Retail ~ ACRES: 1.8 BROKERS: Patrick Nutt (@PatrickNutt) & William Wamble (@Wamblew) - SRS Real Estate Partners (@SRSRealEstatePartners) SALE PRICE: $8,900,000 SF: 4,650 ~ PPSF: $1,914 NOTE: SRS Real Estate Partners facilitated the $8.9 million sale of a 4,650-square-foot 7-Eleven property in Homosassa, leased on a 15-year corporate-guaranteed agreement. The buyer, a private investor from Florida, acquired the 1.8-acre property from a Florida-based developer.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,619.81
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