The land under a Dairy Queen and a Tuffy Service Center in Wesley Chapel has a new owner from Kentucky.
An acre of land at 27329 Wesley Chapel Blvd., sold last week for $2.35 million to Monticello Properties LLC. That company is connected to Kentucky real estate developer and bank chairman Jack Sheidler. Its previous owner, J & J Wesley Chapel LLC, had originally bought the land in 2006 for $1.8 million. The buildings, according to county property records, were built in 2002.
Monticello purchased the property using a $1.5 million loan from BB&T.
The land is an outparcel of the former Sweetbay supermarket location in Wesley Chapel, which has since converted to Winn-Dixie.
Sheidler has developed real estate since 1984, according to published reports. He is the chair of Citizens First Bank Inc., which operates primarily in the Bowling Green area of Kentucky.
This is the 15th land sale in Pasco County this year above $1 million, accounting for $71.8 million in land sales this year, according to county property records. However, that is off pace from last year when 58 land deals were completed in the county above $1 million, totaling $204.8 million.