Real Estate News
STAX Real Estate Announces $7.5M Chevron Gas Station and C-Store Deal in Winter Garden, Florida
STAX Real Estate, a leading platform specializing in the sale-leaseback of net lease retail properties, proudly announces the successful closing of a notable deal involving a Chevron gas station and convenience store in Winter Garden, Florida. The transaction, valued at $7.5 million, marks another milestone for STAX Real Estate's commitment to delivering exceptional results in the commercial real estate market.
STAX Real Estate orchestrated the sale-leaseback by strategically engaging a private equity fund for real estate acquisitions and securing a tenant for leasing purposes. Acting as a transaction broker, STAX represented both parties in the transaction, showcasing its versatility and expertise in navigating complex commercial real estate deals.
In the deal, STAX Real Estate facilitated the transaction for the property located at 12890 West Colonial Dr, Winter Garden, FL 34787. The deal, which closed on December 28, 2023, involved the buyer, Cameron Property Company, the tenant, Boca Gas Company, and the seller, Premium Petroleum Enterprises.
The 20-year triple-net lease agreement with Boca Gas Company underscores STAX Real Estate's ability to structure deals that provide stability and long-term value. The successful completion of this deal adds to STAX Real Estate's track record of delivering some of the highest yields in the market.
"The successful closing of this Chevron gas station and C-store in Winter Garden, Florida, exemplifies our commitment to excellence in commercial real estate investments," said Michael Salafia, Managing Partner of STAX Real Estate. "Our mission is to not only achieve optimal results for our clients, but also to foster a collaborative and empowering experience."
STAX Real Estate continues to distinguish itself as an industry leader, offering expertise that spans re-imaging to ground-up development of single-tenant net lease properties. With a focus on achieving optimal results for its clients, STAX Real Estate remains at the forefront of the net lease retail property market.
ABOUT STAX REAL ESTATE
STAX Real Estate is an industry leading platform for the sale leaseback of net lease retail properties. With expertise ranging from re-tenanting to ground-up development, our platform consistently delivers some of the highest yields in the market. STAX is an award-winning commercial real estate development and brokerage team based in Miami Beach with a passion for creating net lease investment properties that works with landlords, investors, and tenants on new opportunities that generate above market returns. For more information, please visit https://staxre.com.
