Building was built in the late 40's and originally a sub station for White Star Laundry.
It was www.thatfurniturestore.com on Greenville since 2000.
I've been the tenant for over 8 years and currently hold the lease with a 4 year option. I'm looking for a joint venture with full intent of selling my position which in turn allows the new occupant to become the leasee for the building.
I have a unique concept. I'm also interested in your plan and wanting to find an investor for a joint venture agreement.
If your thinking about a bar or don't have the money there's no reason to read further.
My Lease Buy-out is $25K.
Currently the lease is $2,400 a month, my furniture contacts and a location that has immediate traffic. The lease will could possible increase from 5-10% mid next year for the lease term.
This would allow a transition on the lease and up to negotiated term with a possible option for the same.
Why would someone buy me out of my lease?
Pros:
Great Location
Have over $40K in improvements
Approximately 1,700 sq. ft. inside
Existing Clientele
Featuring Concrete floors
Beautiful Red Brick
Natural Wood Beams
Possible Large Patio Area
Two restrooms
Valet parking fees can generate $500 or more a month.
Would make a great coffee shop, retail, office or cash cow as a take out!
With this you can pick two of the following domain names:
Cons:
Zoning CR-2 with dry overlay which means no alcohol.
Limited Parking and needs to be Quick Service.
Next to one of the busiest Starbucks (Gloria's got the lease and I really don't have a clue why they are closing this one down) in town.