The State Road 56 corridor between Land O’ Lakes and New Tampa continues to grow, with a third major gas station getting ready to set up shop … this time to help eastbound travelers.
RaceTrac Petroleum Inc., out of Atlanta, purchased 4.6 acres of vacant land along State Road 56 in Wesley Chapel where it intersects with Northwood Palms Road last month for $1.4 million. It will be located across the street from Colonial Grand at Seven Oaks.
A spokeswoman with RaceTrac told The Laker that the company did indeed buy the property along State Road 56 with the intention of building a store there, but details of when that might happen and what might exactly be there have yet to be worked out.
When built, it would become the area’s fourth RaceTrac, including one finished in 2012 just down the road near the intersection of State Road 54 and Livingston Road. Others are located at 3817 Land O’ Lakes Blvd., and 15474 State Road 52, both in Land O’ Lakes.
On its website, RaceTrac says that it looks for high-volume, high-traffic metropolitan areas where it can build 6,000-square-foot stores along with up to 24 fueling stations.
And while one convenience store is planned, another has changed hands.
The 7-Eleven store located at 2400 Land O’ Lakes Blvd., in Land O’ Lakes, has sold to a New York-based property manager for $4.2 million, according to county property records.
Lakes Pooh LLC bought the property from Commercial Net Lease Realty, now known as National Retail Properties, which had originally purchased the vacant land at the corner of State Road 54 and Land O’ Lakes Boulevard for $965,000 in 1998.
Lakes Pooh is associated with Manhattan Skyline Management Corp., according to state corporate records, which manages “several thousand luxury apartments in New York City’s most desirable neighborhoods,” according to the company’s website.
The company did not release any plans for any possible changes at the 7-Eleven location, and a request for comment was pending return Tuesday afternoon.