Curated News
By: NewsRamp Editorial Staff
September 18, 2025
SRS Completes $3.88M Circle K Ground Lease Sale in Florida Development
TLDR
- SRS Real Estate Partners secured a $3.88 million ground lease sale for a Circle K property, offering investors cash-flowing assets with no landlord responsibilities and scheduled rental increases.
- SRS Capital Markets facilitated the sale of a 1.7-acre Circle K property with a 15-year corporate-guaranteed lease, completing a 1031 tax-deferred exchange for the buyer.
- This ground lease sale supports the development of a larger retail community including Ford’s Garage and multi-family housing, enhancing local economic growth and amenities.
- SRS has sold over half of new construction Circle K properties nationally since 2023, with $1.5 billion in deal volume this year alone.
Impact - Why it Matters
This transaction highlights the continued strength of ground lease investments in the commercial real estate market, particularly for convenience store properties with corporate guarantees. For investors, ground leases offer stable, long-term income streams without property management responsibilities, making them attractive for 1031 exchanges and portfolio diversification. The deal also signals confidence in Florida's retail market and demonstrates how strategic commercial developments can drive regional economic growth through job creation and increased consumer options.
Summary
SRS Real Estate Partners has successfully completed a $3.88 million ground lease sale of a newly developed Circle K property located at the strategic northwest corner of SR-54 and Asturian Parkway in Odessa, Florida. The 1.7-acre property features a 5,200-square-foot convenience store with a new 15-year corporate-guaranteed lease, making it an attractive investment opportunity. The transaction was facilitated by SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble, who represented the Florida-based private developer seller.
The buyer was a private investment entity controlled by family members from California and Florida, who utilized the purchase to complete a 1031 tax-deferred exchange. This Circle K property is part of a larger retail development that will include Ford's Garage, a three-tenant retail property, planned multi-family units, office space, and additional commercial offerings. According to Nutt, ground-leased Circle K assets are considered a gold standard for investors seeking cash-flowing assets with no landlord responsibilities and scheduled rental increases.
SRS Capital Markets has demonstrated remarkable activity in this sector, having sold more than half of the new construction Circle K properties nationally since 2023. The firm has completed over $1.5 billion in deal volume this year alone, comprising more than 400 transactions across the nation. With headquarters in Dallas and 29 offices nationwide, SRS Real Estate Partners continues to strengthen its position as an industry leader in commercial real estate solutions. For more information about their services and portfolio, visit srsre.com.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, SRS Completes $3.88M Circle K Ground Lease Sale in Florida Development
