SRS Real Estate Partners announced today it has completed the $6.6 million ground lease (land ownership) sale of a newly-developed Cooper’s Hawk Winery & Restaurant property located at 13671 Olympic Court in Fort Myers, FL. Situated on 2.16 acres, the 10,653-square-foot (sf) property has a 15-year, corporate-guaranteed absolute triple net lease in place.
SRS Capital Markets Managing Principals Britt Raymond and Kyle Fant represented the seller, Stock Development, a Florida-based residential and commercial development company. The buyer, a private investor motivated by a 1031 Exchange, was represented by Josh Kanter and Anthony D’Ambrosia of NNN Pro.
“This transaction is testimony that there is continuing demand for quality real estate and tenants with strong sales volume. We were able to secure a great buyer through NNN Pro that understands the appeal of the Cooper’s Hawk concept,” said Fant.
Raymond added, “Cooper’s Hawk has been extremely successful in its growth in Florida. That is shown through consistent year-over-year growth sales growth. The average unit sales volume grew to $11 million in 2023 which is 6.7% year-over-year growth from 2022. We used that data to reassure buyers that were not as familiar with the brand.”
The property fronts 6 Mile Cypress Highway and is adjacent to Daniels Crossing, a 500,000-sf Publix-anchored shopping center.
Year to date, SRS Capital Markets has completed approximately $1 billion in deal volume comprised of more than 250 transactions in 45 states. SRS currently has in excess of 660 properties actively on the market with a market value surpassing $3.2 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 srsre.com.