S
RS Real Estate Partners has announced the sale of a Walmart property in Deltona, Florida for $4.53 million. The 41,335-square-foot building on 4.41 acres was constructed in 2015 and is subject to an absolute triple-net lease with 10 years remaining and extension options. SRS Capital Markets' Patrick Nutt and William Wamble represented the seller, a private partnership looking to diversify its portfolio through a 1031 exchange.

    The buyer, a repeat client from Pennsylvania, acquired the property at a 4.64% cap rate without participating in a 1031 exchange. According to Nutt, the asset's strong fundamentals and passive ownership structure made it an attractive investment opportunity. The sale reflects ongoing demand for high-credit, long-term net lease assets in growing Sunbelt markets.

    The Deltona Village Development, where the property is located, will feature over 600 apartments, light industrial space, an Amazon distribution center expansion, a grocery-anchored retail development, and more. SRS Capital Markets has completed over $1.2 billion in deal volume this year, with over 845 properties valued at $3.7 billion currently on the market.

    SRS Real Estate Partners is a commercial real estate solutions provider founded in 1986. Headquartered in Dallas, the company has grown to become one of the industry's leading players through its commitment to excellence and client satisfaction.