STAX Equity Announces $114M In Transactions, Creates Jobs Across Six States

STAX Equity Announces $114M In Transactions, Creates Jobs Across Six States

| By Author | August 7, 2023 4:46 PM ET

STAX Equity, the next-generation private equity firm focusing on value-add single tenant net lease retail assets, announces a major milestone in its operations, with the completion of 68 transactions, 96,000 square feet of property leased, and the creation of more than 100 jobs across six states in Q1-Q2.

The transactions, coupled with $114 million across Arkansas, Florida, Tennessee, Texas, Missouri, and Wisconsin, demonstrates STAX Equity's commitment to community creating more than 100 jobs. This is a testament to STAX Equity's commitment to driving economic growth and development.

STAX Equity partners with tenants and developers to revitalize underperforming properties. Their clients gain exclusive access to proprietary deal flow, offering above-market returns. The 68 transactions include a diverse range of gas stations and convenience stores set to become SQRL, Shell, BP, and Chevron gas stations. Since leading the real estate division for SQRL, STAX Equity has increased their store count from 65 to 155 operating stores in an accelerated time frame.

SQRL serves communities nationwide by providing top-quality gas and exceptional customer service. With locations across 12 states, SQRL is committed to delivering a superior fueling experience, driving the future of the convenience industry.

STAX Equity is a boutique commercial real estate investment company specializing in the acquisition, development, and disposition of net leased retail industrial assets such as service stations, convenience stores, billboards and energy infrastructure. As a brokerage, STAX offers high-quality developer direct triple net lease (NNN) sale-leasebacks to the commercial real estate investment market. By partnering with tenants and developers to scale their retail operations, STAX Equity's data-driven approach leads clients through the end-to-end store opening process from site selection to real estate exit.

"Clients depend on us for high-quality service, safety, and efficiency as we transform their properties into state-of-the-art service stations," said Michael Salafia, Managing Partner at STAX Equity. "We are committed to providing the best possible experience for our investors and customers.

"As we move into the second half of the year, we anticipate a robust market for commercial real estate investors," said Cameron Marchel," Vice President of Investments at STAX Equity. "Many new investors are expected to enter the market, eager to take advantage of the accelerated depreciation tax benefits that come with owning fee-simple gas station properties. It's an exciting time for the industry."

"Our partnership with STAX Equity has been instrumental in achieving the growth of our retail footprint," said Blake Smith, CEO of SQRL Holdings. "The quality of their site selection, sale leaseback, and advisory services have propelled SQRL years beyond our regional competition into the national arena."

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