Clearwater, FL (July 9, 2024) – European Equities is pleased to announce the sale of 3682 Tampa Road, in Oldsmar, the site of a free-standing Village Inn restaurant. The 5,860-square-foot building, formerly Daddy’s Bar & Grill, was modified to accommodate the incoming Village Inn Restaurant. The 1.2-acre property is located in Oldsmar, just minutes from 580 and Curlew Road, with heavy day and night traffic and proximity to popular local destinations. David McComas handled the transaction on behalf of European Equities.
“This sale is the culmination of an investment life-cycle for a European Equities client’s investment,” said McComas. In early 2023, European Equities represented the client in acquiring the property from the owner-operator of Daddy’s Bar & Grill, who was retiring. European Equities represented the owner in obtaining a new ten-year lease with a Village Inn multi-unit franchisee. Whole Development Inc., European Equities’ construction company, fully renovated the property for Village Inn’s use. The property was managed by European Equities’ property management company, Retail Property Management, thru the completion of the sale, which resulted in a 53% return on the seller’s purchase price.
Village Inn made its debut in 1958. With six decades of success, they have corporate and franchise restaurants totaling more than 100, located primarily in the Rocky Mountain region, the Midwest, Arizona and Florida.
European Equities is a full-service, boutique real estate development company. EEC, as a real estate broker and thru its related construction and property management companies, provides complete and seamless services for the life of a project, beginning with project conception, thru acquisition, planning and development, construction, leasing, property management, and ultimately divestment. Based in Clearwater, Florida, European Equities has provided its bespoke services throughout the United States for nearly a quarter of a century.
For more information, contact European Equities at 727-723-3771 or info@europeanequities.com