In another example of second-generation space being reused, property ownership sold the closed Arby’s fast-food restaurant along Southside Boulevard to the group that runs Pacific Dental Services of Nevada.
The Arby’s is at 3316 Southside Blvd., near Publix Super Markets Inc. at southwest Touchton Road and Southside Boulevard.
The building was developed in 2004 for Arby’s.
Sidlyd SSA Investors LLC of Jacksonville sold the 3,604-square-foot restaurant on 0.75 acres for $3.075 million to Jacksonville-Southside Covenant Group LLC of Henderson, Nevada. The sale closed Feb. 28 and was recorded March 4 with the Duval County Clerk of Courts.
Sunwest Bank of Irvine, California, issued a $2 million mortgage.
Jacksonville-Southside Covenant is based at Pacific Dental Services’ headquarters.
Founder and CEO Stephen Thorne IV and Vice President of Real Estate Christopher Aguon are members of the LLC. Manager Nevada RE Manager LLC is led by the Thorne Living Trust.
Pacific Dental Services, which provides dental and medical support services, announced in April 2024 that it was transforming into PDS Health.
At the time, PDS Health said it supported more than 4,600 clinicians in nearly 1,000 practices across 24 states.
It has 79 locations in Florida, the closest being Port Orange Modern Dentistry. The locations primarily are in Central Florida.
Sidlyd SSA Investors LLC is led by James Loftin Jr. and Chris Morgan, both leaders of the Jacksonville-based Cantrell & Morgan commercial real estate firm.
They bought the Arby’s property for $2.025 million in April 2020.
Morgan is CEO and the 2002 co-founder of Cantrell & Morgan. Loftin bought out Heyward Cantrell’s interest in the company in 2011 and became president.
Morgan said March 1 that the Arby’s lease expired Feb. 28, and the sale to Pacific Dental closed the same day.
It is Pacific Dental Services’ second Jacksonville property purchase in three months.
Jacksonville Covenant Group LLC, also led by Thorne, Aguon and Nevada RE Manager LLC, bought the closed Bank of America branch in the Cobblestone Crossing shopping center area of East Arlington on Nov. 20, 2024.
Jacksonville Covenant Group paid $1.525 million for the 3,804-square-foot building and five-teller-lane drive-thru on 0.61 acre at 2709 Monument Road. The site is at northwest Monument and McCormick roads.