SRS’ National Net Lease Group Brokers $3 Million Sale of a Single-Tenant Property Occupied by O’Reilly Auto Parts in Immokalee, FL

Fort Lauderdale, FL (February 24, 2022)SRS Real Estate Partners’ National Net Lease Group (NNLG) announced today it has completed the $3 million sale of a newly developed single-tenant retail property fully occupied by O’Reilly Auto Parts located at 1004 North 15th Street in Immokalee, FL.

SRS NNLG’s William Wamble and Patrick Nutt represented the seller, CSC Properties. The buyer was a private investor based in Florida. The closing cap rate was 5%.

“Our SRS team sourced a buyer at full asking price through our proprietary database in this off-market transaction,” said Wamble. “The buyer went under contract at the beginning of the construction process.”

Situated on 1.04 acres, the 7,205-square-foot property has a 15-year, corporate-guaranteed lease in place. The property is well-located on North 15th Street which serves as the primary retail and commuter thoroughfare for the local trade area. It is positioned near Plaza Winn-Dixie, a 50,000-sf shopping center anchored by Winn-Dixie, the only large grocery store within Immokalee.

In 2021, SRS’ Investment Properties Group and National Net Lease Group (NNLG) completed more than $3.1 billion in deal volume comprised of 899 transactions in 49 states, and currently has more than $2 billion in property on the market.

About SRS Real Estate Partners

SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 26 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, and investment services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit www.srsre.com.

SRS’ Investment Properties Group (IPG) & National Net Lease Group (NNLG) is a unified platform of seasoned net lease professionals located and transacting nationally with all underwriting and marketing efforts strategically located in Southern California. In 2020, the group completed more than 550 sales across more than 35 states and has over 50 NNLG professionals nationally. From proactive sales to targeted acquisitions and tailored debt and equity solutions, SRS’ National Net Lease Group offers comprehensive services to net lease owners and investors. Superior speed-to-market, world-class marketing materials, a deep investor database and unparalleled retail submarket intelligence from the entire SRS platform allow SRS’ National Net Lease Group to deliver the best possible returns. For more information, please visit srsnnlg.com.