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Patrick Nutt | Connect CRE

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Patrick Nutt

Company: 

SRS Real Estate Partners

Sales Total

$559.6 million

Completed 127 closings in 2021

Secured 98.8% of asking price for sites openly marketed in 2021

SRS Real Estate Partners’ National Net Lease Group closed 2021 with $3 billion in deal volume comprised of 830 transactions in nearly 40 states, an approximately 60 percent increase over its year-end 2020 deal volume, which was up 26 percent from their volume in 2019.

As EVP, National Net Lease Group and Market Leader, South FL, Nutt was a critical asset in NNLG’s record-breaking year, completing 127 closings with a dollar volume at $560 million. 

Of Nutt’s 2021 closings, notably he was able to achieve an industry-leading 98.9% of asking price for the sites that were openly marketed. Highlighted transactions included 23 different Wawa sales with an aggregate value in excess of $120 million and five 7-Eleven locations sold, as well as setting cap rate records for various brands including AutoZone, JP Morgan Chase, Walk On‚ Sports Bistreaux and Wendy’s.

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Inside The Story

Patrick Nutt

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.