SRS Real Estate Partners Brokers $28.75 Million Sale Of 7-Eleven Properties Across Florida

This transaction involves three newly built 7-Eleven properties located at 6970 Eloise Loop Road, 2308 Ocoee Apopka Road, and 2100 LPGA Boulevard, situated in the markets of Winter Haven, Ocoee, and Daytona Beach. The total sale price for the combined properties is $28,750,000, encompassing 14,503 square feet with a price per square foot of $1,982 and a total of 6.45 acres.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $28,750,000
• Square Footage: 14,503
• Price per Square Foot: $1,982
• Addresses: 6970 Eloise Loop Road, 2308 Ocoee Apopka Road & 2100 LPGA Boulevard
• Market: Winter Haven, Ocoee & Daytona Beach
• Lease Type: 15-year, corporate-guaranteed triple-net leases
• Cap Rate: 5.20%
• Buyer: Florida-based family office and private investor utilizing a 1031 exchange
• Brokers: Patrick Nutt & William Wamble - SRS Real Estate Partners

Patrick Nutt and William Wamble of SRS Real Estate Partners represented the sellers in this transaction, facilitating the sale of the portfolio which requires zero landlord responsibilities due to its triple-net lease arrangement.