Two New Construction 7-Eleven Properties Sell for $22.86 Million in Central Florida

SRS Real Estate Partners announced today it has completed two sales of 7-Eleven properties with a total value of $22.86 million in the Central Florida cities of Clermont and Winter Haven. Both properties completed construction earlier this year and have corporate-guaranteed absolute triple net leases in place with scheduled rent increases every five years.

The properties include:

• 9430 U.S. Highway 192 in Clermont, FL: Situated on 1.27 acres, the property totals 4,853 square feet (SF) and sold for $11.55 million. It is located near an Aldi shopping center.
• 4326 Dundee Road in Winter Haven, FL. Situated on 1.59 acres, the property totals 4,650 SF and sold for $11.31 million. It is across the street from a newly-constructed Publix shopping center.

SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble represented the seller of both properties, a Central Florida-based developer. The assets were sold to different private investors.

"7-Eleven properties continue to attract investor interest due to their recognizable brand, convenience-driven business model, and tax benefits of bonus depreciation," said Nutt. "These two Central Florida transactions highlight the ongoing demand for well-located, single-tenant net-lease assets and the appeal of convenience retail to investors seeking durable cash flow and long-term real estate value."

This year, SRS Capital Markets has completed more than $2.5 billion in deal volume comprised of more than 500 transactions across the nation. SRS currently has in excess of 900 properties actively on the market with a market value surpassing $4.3 billion.

About SRS Real Estate Partners

Founded in 1986, SRS Real Estate Partners is celebrating 40 years of going the extra mile for its clients. A leader in consumer-driven real estate, SRS provides commercial real estate solutions across retail, industrial, and capital markets. Headquartered in Dallas with 30 offices nationwide, the firm measures its success by the achievement of its clients' objectives, satisfaction, and trust. For more information, please visit srsre.com.