DAYTONA BEACH, Fla.–(BUSINESS WIRE)–
Consolidated-Tomoka Acreage Co. (NYSE American: CTO) (the “Company”) today appear the aperture of two free-standing restaurants on the six-acre bank advanced bindle endemic by the Aggregation busy to the operators of LandShark Bar & Grill and alone Cocina 214. The two single-tenant backdrop advanced the “World’s Best Famous Beach” and allotment a accepted blooming amplitude and parking area. Rent from both tenants will arise during the aboriginal division of 2018.
LandShark Bar & Grill (“LandShark”) is a full-service restaurant and bar abettor 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 all-around cast aggressive by the lyrics and affairs of singer, songwriter and author, Jimmy Buffett, whose songs arm-twist a affection for close escape and relaxation.
The Cocina 214 Mexican Restaurant & Bar (“Cocina 214”) is an Orlando, Florida based restaurant abettor with a breadth in Winter Park, Florida, and a five-time champ of Orlando Magazine’s Dining Awards for Best Mexican/Tex-Mex and the almsman of added than 30 added comestible awards such as the Orlando Sentinel’s “Foodie Award.” For added information, go to www.cocina214.com.
About Consolidated-Tomoka Acreage Co.
Consolidated-Tomoka Acreage Co. is a Florida-based about traded absolute acreage company, which owns a portfolio of assets investments in adapted markets in the United States including over 2.1 actor aboveboard anxiety of assets properties, as able-bodied as about 8,100 acreage of acreage in the Daytona Bank area. Visit our website at www.ctlc.com.
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Certain statements independent in this columnist absolution (other than statements of absolute fact) are advanced statements. Words such as “believe,” “estimate,” “expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,” “plan,” “potential,” “predict,” “forecast,” “project,” and agnate expressions and variations thereof are advised to analyze assertive of such advanced statements, which allege alone as of the dates on which they were made, although not all advanced statements accommodate such words. Although advanced statements are fabricated based aloft management’s expectations and behavior apropos approaching developments and their abeyant aftereffect aloft the Company, a cardinal of factors could account the Company’s absolute after-effects to alter materially from those set alternating in the advanced statements. Such factors may accommodate the achievement of 1031 barter transactions, the availability of advance backdrop that accommodated the Company’s advance goals and criteria, the modification of agreement of assertive acreage sales agreements, uncertainties associated with accepting appropriate authoritative permits and acceptable added closing altitude for planned acquisitions and sales, as able-bodied as the uncertainties and accident factors discussed in our Annual Report on Form 10-K for the budgetary year concluded December 31, 2016 as filed with the Securities and Barter Commission. There can be no affirmation that approaching developments will be in accordance with management’s expectations or that the aftereffect of approaching developments on the Aggregation will be those advancing by management. Readers are cautioned not to abode disproportionate affirmation on these advanced statements, which allege alone as of the date of this release.
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