The "Trifecta" Close: Executing a $44M PropCo/OpCo Separation in Davie, FL

STAX recently completed a comprehensive "triple-transaction" for a premier gas station asset located at 14810 Griffin Rd in Davie, Florida. Situated in a rapidly expanding corridor just west of Fort Lauderdale, this asset sits at the heart of one of South Florida's most desirable submarkets.

Deal Story

The property is strategically positioned within a bustling shopping destination anchored by high-volume Porsche and Lamborghini dealerships, ensuring a consistent stream of affluent traffic and high visibility.

In this complex execution, STAX navigated a simultaneous close: we sold the real estate for $10,700,000, sold the business operations for $2,300,000, and structured a 20-Year Triple Net (NNN) Lease between the new landlord and the operator.

By treating the business and the real estate as distinct, high-value assets, we unlocked superior returns for the seller and secured a committed, vested operator for the landlord in a prime location.

Highlights

Transaction Highlights

  • Total Transaction Value: ~$44 Million (Sale Proceeds + Rent Schedule)

  • Property Sale: $10,700,000

  • Business Sale: $2,300,000 (Goodwill / Key Money)

  • Rent Revenue: $30,979,146 (Aggregate Rent Schedule)

  • Lease Structure: 20-Year NNN Lease

Property Details

  • Location: 14810 Griffin Rd, Davie, FL 33331

  • Market: Fast-growing submarket west of Fort Lauderdale.

  • Strategic Anchors: Located in a high-traffic center anchored by busy Porsche and Lamborghini dealerships, driving premium customer volume to the site.

  • Strategy: PropCo / OpCo Separation.