STAX Closes $7.5M Chevron Gas Station in Winter Garden, Florida

STAX Real Estate successfully closed a $7.5 million transaction involving a Chevron gas station and convenience store in Winter Garden, Florida — one of Central Florida’s fastest-growing communities.

Deal Structure

The transaction featured a 20-year triple-net lease agreement between tenant Boca Gas Company and seller Premium Petroleum Enterprises. The deal required careful coordination between a private equity fund investor and the operating tenant to align interests and close on schedule.

A Collaborative Approach

Michael Salafia, Managing Partner of STAX Real Estate, orchestrated the transaction with a focus on delivering exceptional outcomes for all parties involved. The deal exemplifies the collaborative, empowering experience that STAX brings to every engagement — connecting operators, investors, and capital in ways that create value for everyone at the table.

Why Winter Garden?

Located just west of Orlando along the Florida Turnpike corridor, Winter Garden has experienced explosive population and commercial growth. Gas stations in high-growth Florida markets like this command premium valuations due to strong traffic counts, favorable demographics, and limited new fuel retail development.

This closing adds to STAX Real Estate’s track record of successfully transacting net lease fuel retail assets across Florida and the Southeast.