Consolidated-Tomoka Land Co. Announces Opening of Two Single-Tenant Net Lease Restaurants on the 6.0 Acre Beach Parcel
January 26, 2018 at 09:10 am EST
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Consolidated-Tomoka Land Co. announced the opening of two free-standing restaurants on the six-acre beach front parcel owned by the company leased to the operators of LandShark Bar & Grill and separately Cocina 214. The two single-tenant properties front the World’s Most Famous Beach and share a common green space and parking area. Rent from both tenants will commence during the first quarter of 2018. LandShark Bar & Grill is a full-service restaurant and bar operator affiliated with Margaritaville Enterprises Inc. with locations in Biloxi, Mississippi, Myrtle Beach, South Carolina, Hollywood Beach, Florida and Atlantic City, New Jersey and a LandShark Landing in Pensacola Beach, Florida. Margaritaville is a global brand inspired by the lyrics and lifestyle of singer, songwriter and author, Jimmy Buffett, whose songs evoke a passion for tropical escape and relaxation. The Cocina 214 Mexican Restaurant & Bar is an Orlando, Florida based restaurant operator with a location in Winter Park, Florida, and a five-time winner of Orlando Magazine’s Dining Awards for Best Mexican/Tex-Mex and the recipient of more than 30 other culinary awards such as the Orlando Sentinel’s Foodie Award.
CTO Realty Growth, Inc. is a real estate investment trust that owns and operates a portfolio of retail-based properties located primarily in higher growth markets in the United States. The Company operates in four primary business segments: management services, commercial loans and investments, real estate operations, and income properties. The management services segment is a fee-based management business that is engaged in managing Alpine Income Property Trust, Inc. (PINE). The commercial loans and investments segment includes a portfolio of three commercial loan investments and one preferred equity investment, which is classified as a commercial loan investment. The real estate operations segment includes a portfolio of subsurface mineral interests associated with approximately 352,000 surface acres in 19 counties in the State of Florida and an inventory of mitigation credits. The Companyâs business also includes its investment in PINE.
CTO REALTY GROWTH, INC. 
