SRS Real Estate Partners announced today it has completed the $4.26 million ground lease sale of a single-tenant property occupied by Circle K. It is located at 8995 Park Boulevard in Seminole, Florida, a fast-growing city that is approximately 13 miles northwest of downtown St. Petersburg.
SRS Capital Markets Executive Vice President & Principal William Wamble and Senior Managing Principal Patrick Nutt represented the seller, an Ohio-based national investor and developer. The buyer was a South Florida-based private investor who was in a 1031 exchange.
Circle K is one of the nation’s leading convenience store and fuel retailers, operating more than 6,800 locations across the United States. The newly constructed 5,200-square-foot convenience store and gas station sits on 1.46 acres and was completed in April 2026. The property is secured by a new 15-year, corporate-guaranteed absolute triple-net lease with Circle K, including multiple extension options and rare 10% rental increases every five years throughout the initial lease term.
“Investors continue to seek high-quality convenience store assets backed by strong operators and long-term lease structures,” said Wamble. “This property checked all the boxes, featuring a brand-new corporate-guaranteed lease, attractive rental escalations, and an irreplaceable location in one of Florida’s most densely populated counties.”
Wamble added that SRS has sold approximately 45% of all new construction corporate Circle K properties nationally since the beginning of 2024.
The property occupies a highly visible location near the signalized intersection of Starkey Road and Park Boulevard, which experiences traffic counts exceeding 83,000 vehicles per day. The densely populated trade area is home to numerous national retailers, including Lowe’s, Sam’s Club, and Walmart, and continues to benefit from significant residential and commercial growth throughout the region.
This year, SRS Capital Markets has completed more than $1.6 billion in deal volume comprised of more than 400 transactions across the nation. SRS currently has in excess of 900 properties actively on the market with a market value surpassing $4.3 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is celebrating 40 years of going the extra mile for its clients. A leader in consumer-driven real estate, SRS provides commercial real estate solutions across retail, industrial, and capital markets. Headquartered in Dallas with 29 offices nationwide, the firm measures its success by the achievement of its clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.