Florida Convenience Real Estate: Two 7-Eleven Sites Trade for $22.86 Million

Two newly constructed 7-Eleven properties in Central Florida sold for a combined price of $22.86 million. Separate private investors purchased the convenience store locations from a Florida developer. The deals were announced by SRS Real Estate Partners on October 28.

Both stores were completed earlier in 2026. Each operates under an absolute triple-net lease structure. This arrangement shifts responsibility for property taxes, insurance, and maintenance to the tenant. The leases include scheduled rent increases every five years, providing owners with contractual rental income and limited operating obligations.

The Winter Haven site at 4326 Dundee Road in Polk County sold for $11.31 million. The 4,650-square-foot building sits on 1.59 acres across from a new Publix shopping center. The Clermont location at 9430 U.S. Highway 192 sold for $11.55 million. This property features a 4,853-square-foot building on 1.27 acres near an Aldi center. The two prices differ by only $240,000, with each sub-5,000-square-foot building commanding over $11 million.

Patrick Nutt, senior managing principal of SRS Capital Markets, and William Wamble, executive vice president and principal, represented the developer in both sales. SRS did not disclose the capitalization rates or the remaining terms of the leases. Nutt stated that the stores attract buyers because of the recognizable brand, the convenience-driven model, and the tax benefits of bonus depreciation.

SRS Capital Markets has closed more than 500 transactions totaling over $2.5 billion in 2026. The firm currently lists more than 900 properties with a combined value exceeding $4.3 billion. Dallas-based SRS Real Estate Partners operates 30 offices nationwide and was founded in 1986.