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Clermont and Winter Haven, Fla. — SRS Real Estate Partners has arranged the $22.9 million sale of two Central Florida 7-Eleven convenience store properties in separate transactions. Both newly constructed properties operate on corporate-guaranteed absolute triple-net leases with scheduled rent increases every five years.
The properties include:
- A 4,853-square-foot convenience store located at 9430 U.S. Highway 192 in Clermont that sold for $11.5 million.
- A 4,650-square-foot convenience store located at 4326 Dundee Road in Winter Haven that sold for $11.31 million.
Patrick Nutt and William Wamble of SRS represented the seller of both properties, a Central Florida-based developer. The assets were sold to different private investors.