SRS Real Estate Partners Completes Sales Of Three 7-Eleven Properties

SRS Real Estate Partners has completed the sales of three 7-Eleven properties in the Central Florida cities of Winter Haven, Daytona Beach and Ocoee totaling $28.75 million.

The three properties include a modern convenience store, fueling stations, and are new construction with openings in late 2025. They have 15-year, corporate-guaranteed absolute triple net leases in place with zero landlord responsibilities.

SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President and Principal William Wamble represented the sellers, Florida-based developers. The Winter Haven and Ocoee properties were sold as a portfolio to a Florida-based family office who made its first net lease purchase and was driven to the assets primarily due to the benefits of bonus depreciation. The Daytona Beach property was acquired by a Daytona-based private investor who was in a 1031 exchange. All three properties closed at approximately 5.20% cap rates.

“Investor interest in acquiring 7-Eleven properties across Florida continues to accelerate, driven by the state’s strong population growth, business-friendly environment, and lack of state income tax,” said Nutt. “Florida’s expanding residential base supports consistent traffic and long-term demand for convenience retail, making nationally recognized operators like 7-Eleven especially attractive.” 

Wamble added, “In addition to the real estate fundamentals, owners of convenience store properties can benefit from bonus depreciation, which allows investors to accelerate depreciation deductions on qualifying components of the building. This can significantly reduce taxable income in the early years of ownership, enhancing after-tax returns and making these assets even more compelling in today’s market.” 

The 3 sold 7-Eleven properties include:

• Located at 6970 Eloise Loop Road in Winter Haven, the property sold for $9.52 million. Situated on 2.08 acres, the 4,853-square-foot (sf) property is located along Thompson Nursery Road and directly across the street from a Publix-anchored shopping center.
• Located at 2308 Ocoee Apopka Road in Ocoee, the property sold for $9.67 million. Situated on 2.12 acres, the 4,650-sf property is adjacent to Ocoee Village Center, a new retail center that will include a Walmart Neighborhood Market, restaurants and retail as well as 320 luxury apartments and 232 townhomes as part of a large planned development.
• Located at 2100 LPGA Boulevard in Daytona Beach, the property sold for $9.53 million. Situated on 2.25 acres, the 5,000-sf property opened in late 2025 and is located directly off I-95 and is positioned across from Latitude Landings, a Publix-anchored center that also serves as a gateway to Latitude Margaritaville Community.

Last year, SRS Capital Markets completed more than $3.5 billion in deal volume comprised of 950 transactions across the nation. SRS currently has in excess of 845 properties actively on the market with a market value surpassing $3.7 billion.