Winter Haven, Daytona Beach and Ocoee, Fla. — SRS Real Estate Partners has negotiated the sale of three single-tenant retail properties in two separate transactions for $28.8 million in Florida. Each newly constructed property is occupied by 7-Eleven on a 15-year, corporate-guaranteed absolute triple-net lease. The first property in Winter Haven sold for $9.5 million, while the second property in Ocoee sold for $9.67. The final property in Daytona Beach sold for $9.5 million.
Patrick Nutt and William Wamble represented the sellers, Florida-based developers, in the transaction. The Winter Haven and Ocoee properties were sold as a portfolio to a Florida-based family office who made its first net lease purchase. The Daytona Beach property was acquired by a Daytona-based private investor.