SRS Real Estate Partners Closes $4.5 Million Chipotle Sale in Lake Nona, Florida, with Columbus, Ohio-Based Investor

SRS Real Estate Partners has completed the $4.5 million sale of a newly constructed, single-tenant Chipotle property at 14314 Boggy Creek Road in Lake Nona, Florida, the firm announced June 25. A Columbus, Ohio-based investor acquired the asset through a 1031 exchange from a Florida-based developer and investor, with the transaction closing at a 4.56% cap rate.

Deal Structure and Property Details

The 2,493-square-foot building sits on 0.79 acres at the intersection of Boggy Creek Road and Nona West Boulevard. Construction was recently completed on the property, which carries a new 15-year corporate-guaranteed absolute triple-net lease. Under the absolute triple-net structure, Chipotle is responsible for all property expenses and maintenance, leaving no landlord responsibilities for the buyer throughout the lease term.

SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President and Principal William Wamble represented the seller, the Florida-based developer and investor, in the transaction.

At the stated sale price and building size, the deal implies a price of approximately $1,805 per square foot.

Lake Nona Location and Mixed-Use Context

The property is situated within a 75-acre mixed-use development that is slated to deliver a blend of single-family homes, townhomes, apartments, hotels, and commercial space, according to SRS. The Lake Nona submarket is widely recognized as one of the fastest-growing master-planned communities in the country and continues to attract residents, employers, and retailers, the firm noted.

Investor Demand for Net-Lease QSR Assets

"New-construction quick-service restaurant assets with long-term corporate lease guarantees continue to attract significant investor demand, particularly in high-growth Florida markets like Lake Nona," Nutt said in a statement. "This property offered investors a combination of zero landlord responsibilities, a premier national tenant, and exceptional demographic growth."

SRS Capital Markets Activity

SRS Real Estate Partners reported that its capital markets division has completed more than $1.6 billion in transaction volume across more than 400 deals nationwide so far this year. The firm currently has in excess of 900 properties actively on the market with a combined market value surpassing $4.3 billion.

Founded in 1986 and headquartered in Dallas, SRS Real Estate Partners operates 29 offices nationwide and provides commercial real estate services across retail, industrial, and capital markets.

Sources

SRS Real Estate Partners — Chipotle Property in Lake Nona, Florida Sells for $4.5 Million (June 25, 2026)