SRS Real Estate Partners announced today the $8.9 million sale of 7-Eleven property located at 4018 S. Suncoast Boulevard in Homosassa, FL Built in 2024, the 4,650-square-foot property is situated on 1.84 acres and has a new, 15-year, corporate-guaranteed lease in place.
SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble, who are based in Florida, represented the seller, a Florida-based developer. The buyer was a private investor from Florida. The closing cap rate was 5.15%.
“We sold this asset to an investor looking to maximize the tax benefits of bonus depreciation through passively investing in a triple-net-leased convenience store” said Wamble. “The 7-Eleven brand is one of the world’s largest and most recognized convenience store chains and have been hotly contested by single-tenant retail buyers.”
The property is located off U.S. Highway 19 in a dense retail corridor in downtown Homosassa with nearby tenants that include Publix, Winn-Dixie, Walgreens, Burger King, and Taco Bell, among others.
In 2024, SRS Capital Markets completed approximately $2.5 billion in deal volume comprised of more than 600 transactions in 45 states. SRS currently has in excess of 740 properties actively on the market with a market value surpassing $3.5 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.