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1.3 ACRE PARCEL ON HIGH TRAFFIC CORNER OF BENVENUE AND NORTHERN BLVD. ZONED B-2. PERFECT FOR BANK, FAST FOOD OR OTHER HIGH TRAFFIC BUSINESS.
This offering is for a .67 acre ground lease under a 2,520 square foot Taco Bell in Rocky Mount, North Carolina. Taco Bell has operated at this proven location since 2000. There are 6 years remaining on the ground lease and four 5-year options with 10 percent rental increases every five years. The next increase will occur in 2015. The absolute net lease, with no landlord responsibilities, is guaranteed by Coastal Plains Restaurants, LLC., a franchisee with a portfolio which includes 30 restaurants, primarily in the Carolinas. Coastal Plains Restaurants, LLC is included in Chain Store Guide's Top 50 Fastest Growing Restaurant Operators. Taco Bell is the unchallenged leader in Mexican fast food with 2013 sales of $11.07 Billion.
This offering is for a .47 acre ground lease under a 4,996 square foot Ruby Tuesday in Rocky Mount, North Carolina. There are currently 5 years remaining on the ground lease with 10 percent rental increases every five years during the option periods. The absolute net lease, with no landlord responsibilities, has a corporate guarantee from Ruby Tuesday, a casual dining restaurant with 800 locations, and $1.25 billion in sales for the fiscal year which ended in May 2013.
*Strong Operator. FastMed is a rapidly growing company with two year revenue growth of 203%, with very little debt or long term obligations. *First Mover Advantage. FastMed has already established a presence in the market, therefore most likely keeping other competition out.
Former Pizza Hut building located on a high traffic corner lot. Pizza Hut has moved to a new location just down the street. Building is on fair condition but can be remodeled to fit any approved use. It can be removed for new construction. Owner will discuss sale, lease or new build to suit.
For Sale is an operating 10 acre Garden Center/Nursery near Rocky Mount, NC including a very nice 1,738 sq. ft. manufactured home on permanent foundation. The business was started in 2007 and has continued to increase in plant sales and landscaping revenue. Owner will include the inventory on hand at closing and equipment used in the business (not including autos and trucks). This is a wonderful opportunity to purchase an ongoing business and live in your home next door. The owner is selling so that he can move back to his home town and be close to his family. The home has 3 bedrooms and 2 baths plus a large front porch and rear deck. There is an 864 sq. ft. detached building with storage and room for recreation. The retail center has several covered display areas and a sales building with a small office. If you' ve got a green thumb and have always wanted to be in the landscape/garden business this is an outstanding opportunity.