SRS Real Estate Partners Completes $2.22 Million Sale of a Newly Remodeled KFC Restaurant Property in Downtown Fort Lauderdale

SRS Real Estate Partners announced today it has completed the $2.22 million sale of a newly remodeled KFC restaurant property located at 3100 W. Broward Blvd. in Fort Lauderdale, FL. Situated on a 0.41-acre site in the downtown market, the 1,661-square-foot property has approximately ten years remaining on its triple net lease.

SRS Capital Markets Executive Vice President & Market Leader Patrick Nutt and Senior Vice President William Wamble who are based in Fort Lauderdale and Tampa, FL represented the seller, a Florida-based private investor. The buyer was a South Florida-based private investor who was in a 1031 exchange. The property sold at a 4.32% cap rate.

“This asset went to contract and closed in less than a week in order to accommodate the 1031 exchange buyer’s tight timeframe requirement,” said Wamble. “This property has long-term viability in the underlying real estate as it is within an infill location in the rapidly growing Fort Lauderdale market.”

Downtown Fort Lauderdale has more than 50 developments currently in the pipeline which will bring more than 8,500 new residential units and more than 725,000 square feet of new restaurant and retail space over the coming years. The market provides the fourth best business tax climate in the nation.

In 2023, SRS Capital Markets completed approximately $2 billion in deal volume comprised of 495 transactions in 43 states. SRS currently has in excess of 600 properties actively on the market with a market value surpassing $2.85 billion.

About SRS Real Estate Partners

Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit