BRADENTON -- A Clearwater real estate company looking for a place to build a pizzeria has ventured south to buy a slice of retail space in Bradenton.
Franchise Equity Group, a company owned by Subway restaurants and Marco's Pizza franchiser David McComas, has purchased a 9,558-square-foot strip center at 2107 Cortez Road W. The property, Cortez Pointe II, sold for $2.1 million on Oct. 27, according to Manatee County property records. It last sold as vacant land over eight years ago for $925,000.
McComas has opened 41 stores for Subway during the past 27 years and is now concentrating on starting up 21 of the counter- and delivery-service Marco's over the next five years. Cortez Pointe II has a 1,651-square-foot vacancy and fits the profile for a Marco's location, he said.
"It's an energized market place," McComas said.
Plans and approvals for the restaurant are being reviewed by Manatee County planning staff. McComas expects to start remodeling and construction for Marco's in about 30 days. The store will be the fifth his company has opened.
The closest Marco's to the Bradenton market is a location on Webber Street in the Southgate area of Sarasota.
Three of the center's four retail bays are occupied. Current tenants are AIO Wireless, Mattress Firm and a Tijuana Flats restaurant.
The seller in the transaction was Florida Investing 13, a limited liability corporation operated by John Clendenon of Bradenton. Clendenon purchased the one-acre property in January 2006. The strip center
on the property was built in 2007, records show.
European Equities advertises dozens of properties on its website that are available for lease or for sale. All are in the Tampa and St. Petersburg area. European Equities has no current listings for property in Manatee or Sarasota counties.
Matt M. Johnson, Herald business reporter, can be reached at 941-745-7027, or on Twitter @MattAtBradenton.