Kevin Murphy Of Publix Super Markets Acquires Six Shopping Centers From Daryl Carter For $130.4M
825 Rinehart Road
$130,400,000
$316/SF
Building Size
411,980 SF
Asset Type
Retail
Closing
Jan 21, 2026
AI
Publix Super Markets has purchased a portfolio of six shopping centers from Maury L. Carter & Associates for a total price of $130,400,000. The properties encompass a combined square footage of 411,980 SF and are situated across key markets in Florida and Georgia, specifically at 825 Rinehart Road, 10615 Narcoossee Road, 13450 Summerport Village Parkway, 2895 North Narcoossee Road, 5997 South Pointe Blvd, and 1111 Lower Fayetteville Road.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130,400,000
- Square Footage: 411,980 SF
- Price Per Square Foot: $317
- Buyer: Kevin Murphy - Publix Super Markets
- Seller: Daryl Carter - Maury L. Carter & Associates
- Broker: CBRE
- Markets: Lake Mary, Orlando, Windermere, St. Cloud, Fort Myers; Newnan, GA
This transaction is notable for expanding Publix Super Markets' presence in important regions, highlighting the strategic acquisition of retail space to support its growth in these competitive markets.
Players
Lake Mary Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93