Press Release brought to you by SVN Florida

SVN Alliance advisors list NBA star Vince Carter’s restaurant in Daytona Beach

09/16/2016

Asking price is $5.5 million for 11,000-square-foot, fine-dining establishment situated on nearly 3.5 acres in a booming corridor

Daytona Beach, FL (Sept. 16, 2016) – SVN Alliance Commercial Real Estate Advisors principals Carl Lentz IV, CCIM, and John Trost, CCIM, are collaborating on the sale of Vince Carter’s, one of the largest and most expensive restaurants built in Central Florida. Asking price for the 11,035-sqaure-foot, fine-dining establishment is $5.5 million. It opened to much fanfare in 2010 at a cost of $11 million.

The 405-seat restaurant and sports bar is located at 2150 LPGA Blvd. on nearly 3.5 acres visible from Interstate 95 in Daytona Beach.

“This is a fantastic location in the heart of one of East Central Florida’s hottest corridors,” said Lentz, who is also president of SVN Alliance, located in Ormond Beach. “With an asking price of half of what it cost to build and open, I believe there will be a lot of interest in this property. We’ve already seen some activity in a recent soft sale.”

The restaurant is located at the LPGA Boulevard entry to the Gateway Business Park -- the home of the Cornerstone Class A Office Park and proposed Tomoka Town Center with 300,000-square-feet of retail and 400 multifamily units -- and just minutes from an under-construction 350,000-square-foot Tanger Outlets mall and a 264-unit luxury apartment complex, plus a planned age-restricted community with nearly 7,000 houses.

Also nearby are the LPGA International golf course, Daytona International Speedway, the Daytona Beach International Airport, an office park, major surgery centers and under-construction $800 million ONE DAYTONA mixed-use project with Bass Pro Shops.

The sale includes the turnkey restaurant, a spacious sports lounge, private dining area, two outdoor patios with seating, a piano lounge and ample parking. Also included are all furniture, fixtures and equipment.

For more information, visit http://bit.ly/2ciX90b.

Carter, an 18-year veteran of the National Basketball Association and eight-time All-Star, is a native of Daytona Beach. His playing career includes stints with the Toronto Raptors and Orlando Magic, among others. He will begin his 19th season this fall in the final year of a contract with the Memphis Grizzlies.

About SVN

SVN, a commercial real estate brokerage firm headquartered in Boston, is one of the industry's most recognized brands based on the annual Lipsey Top Brand Survey. With more than 190 locations in 500 markets, SVN commercial real estate advisors provide sales, leasing and property management services to more than 5,550 clients worldwide. For more information on SVN Florida, visit www.svnflorida.com.

 

Contacts

Carl Lentz, CCIM, president, SVN Alliance Commercial Real Estate Advisors/ 386-566-3726 / carl.lentz@svn.com

Ken Zeszutko, Zeszutko Corp.-PR on behalf of SVN Florida / 321-213-1818 

Source

SVN Florida

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