SRS Arranges $7M Sale of Miramar Retail Development Site
SRS Real Estate Partners’ National Net Lease Group has arranged the $7.3 million sale of a nearly two-acre retail development site at 1700 S. Douglas in Miramar, FL.
The site will be the future home of a new 6,119-square-foot Wawa convenience store and 16-pump gas station. Wawa will break ground summer 2021 with plans to open the store approximately first quarter 2022. Wawa currently has more than 225 locations across Florida and more than 900 locations nationwide. The Miramar Wawa site is nearby tenants Walmart Supercenter, Sam’s Club, Dunkin’ and CVS.
Patrick Nutt of SRS represented the seller, a Florida-based merchant developer, in the transaction. The buyer was a private investor in a 1031 exchange. The property has a new 20-year ground lease in place with Wawa as the tenant.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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