119 S Lawrence St, Rockingham, NC, USA

CLOSED: Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of newly executed Verizon Wireless site lease located on a city owned water tower. This is an active operational water tower. The lease was just entered into on November 15, 2019. The tower is located at 119 S. Lawrence Street, Rockingham, NC. The lease initial term is for five (5) years and there are four (4) successive five (5) year renewal terms. The initial rent is $1,950 per month and the annual rent increases are equal to 10% of the annual rental in effect during the last year of the immediately preceding 5-year term. Construction of the equipment installation commenced on June 17, 2020 and the scheduled final installation date is for late July 2020. There is a ROFR (right of first refusal). Rockingham is a city in Richmond County, North Carolina and is the county seat of Richmond County. All offers should be presented in the form of an executable Letter of Intent.
These are some particulars:
Sealed Bid Deadline: 08/11/2020
Current Annual Rent: $23,400
Location: 119 S. Lawrence Street, Rockingham, North Carolina 28379
Buyer’s Premium: 6%
Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer in Co-operation with Gordon Greene Licensed North Carolina Broker