SRS Real Estate Partners announced today the $6.18 million sale of a 7-Eleven property located at 9401 NW 17th Avenue in Miami, FL. Situated on approximately one-acre of land, the 3,408-square-foot property was built in 2020 and has 10 years remaining on its corporate-guaranteed absolute triple-net lease.
SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble who are based in Florida represented the seller, a Northeast-based private investor. The buyer was a Tampa-based private investor.
“SRS has executed approximately 32 7-Eleven property transactions in Florida over the past five years,” said Nutt. “This globally-recognized convenience store/gas operator brand has more than 14,000 U.S. locations and counting. Investors covet this investment opportunity based on the solid brand reputation and success, as well as the added benefit of zero landlord responsibilities in a business-friendly state.”
The highly visible property is situated along a busy retail corridor that will see more development in the near future, including the planned Metro Center in Hialeah, an urban, 2.3 million-sf residential and retail project.
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.