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Rusty Rudder loses lease; no word from landlord on plans for property

Rusty Rudder loses lease; no word from landlord on plans for property

Sept. 6. An institution in lakefront entertainment in Cornelius is closing after more than 15 years. Rusty Rudder will close in October due to the non-renewal of their lease.

The Rudder staff was informed today of the news.

Rudder owners Eric Paul and Brian Johnston said the landlord has decided not to renew the lease.

The landlord is the McLeod Corp. Steve McLeod (rhymes with cloud) could not be reached for comment.

The Rusty Rudder is part of what may be one of the most important waterfront commercial parcels in Cornelius. The 4.66 acre site includes the prefab boat storage and warehouse, as well as boat slips, docks and various wooden structures.

The property, in total, is valued at more than $4 million, according to Mecklenburg County tax records.

The Rudder’s rustic tiki bar is one of the most popular outdoor spots in Cornelius.

Rusty Rudder owners Eric Paul and Brian Johnston thanked vendors, businesses and musicians that have helped build the business. “Our local partners and support made a huge impact on our success,” they said in a statement.

“We would like to thank everyone that has been a part of The Rudder over these amazing years. We have truly felt like a part of Cornelius and Lake Norman Community from day one, and we will miss it deeply.”

There are no plans on file with the Town of Cornelius for the property.

Paul and Johnston will continue to own and run The Rusty Rudder Mount Pleasant outside of Charleston, SC.

PHOTO: Rusty Rudder Facebook https://www.facebook.com/therustyrudder/?fref=ts

Below are the Mecklenburg County tax records for the 4.66-acre site.

Tax Bills Photo Directions Polaris Map Print
Parcel Information

Parcel ID Account Parent Previous
00150399A NC CORP 00150399A
Owner(s)

Owner Name Mailing Address City/State
MCLEOD CORP 19701 W CATAWBA AVE CORNELIUS NC 28031
Legal Information

Legal Municipality Date Annexed Special District Fire District Acreage
NA CORNELIUS FIRE SERVICE B CORNELIUS 4.66
Total Parcel Assessment

Building Land Features Total
926900 2841900 283800 4052600
Exemptions

Exemption Year Approved Review Date Amount
Sales Information

Sale Price Stamps Qualify VI Type Legal Ref. Grantor
Jul 22 1988 0 IMP WARRANTY D 05833-419
Land Use

Use Units Type Neighborhood Assessment
C700 202989.59 SF IN06 2841900
Building Information

Bldg Description Type Year Property Location
1 Commercial CLUB-LODGE 1987 20139 HENDERSON RD CORNELIUS
2 Rusty Rudder Commercial RESTAURANT 1994 20139 HENDERSON RD CORNELIUS
3 BOAT STORAGE Warehouse PREFAB WHSE 1994 20139 HENDERSON RD CORNELIUS
Bldg Story Units Total SqFt Heated SqFt Foundation Ext. Wall Grade Value
1 1 STORY 554 519 SLAB-COM FACE BRICK – AVERAGE 03 28500
2 1 STORY 1 6796 4626 SLAB-RES STUCCO HRDCT – CEM BR/SPL B GOOD 05 514800
3 1 STORY 1 49102 48142 CRAWL SPACE MODULAR MTL – AVERAGE 02 383600
Bldg Heat Fuel Fire Place AC Fixtures Bedrooms Full Baths 3/4 Baths 1/2 Baths
1 HEAT – NONE NONE 0 – AC-NONE 12 0 0 0 0
2 AIR-DUCTED GAS 0 – AC-CENTRAL 16 0 0 0 0
3 HEAT – NONE NONE 0 – AC-NONE 2 0 0 0 0
Sub Area

Bldg Description Size
1 BASE (FIRST FLOOR) 519
1 PORCH – OPEN – FINISHED 35
2 BASE (FIRST FLOOR) 3976
2 PORCH – OPEN – FINISHED 620
2 PORCH – OPEN – FINISHED 96
2 UTILITY – FINISHED 180
2 BASEMENT – FINISHED 650
2 BASEMENT – UNFINISHED 1274
3 BASE (FIRST FLOOR) 47736
3 OFFICE – AVERAGE 406
3 GARAGE – UNFINISHED – DOOR 960
Depreciation

Bldg Physical Functional Economic Special Override
1 AV – 43.00% – 0.00% – 0.00% – 0.00% – 0.00%
2 AV – 29.00% – 0.00% – 0.00% – 0.00% – 0.00%
3 AV – 29.00% FUNC – 40.00% – 0.00% – 0.00% – 0.00%
Special Features & Yard Items

Bldg Built Type Quantity Units Value
1 1964 DOCK 1 988.00000 6900
1 1964 BOAT SLIP 26 1.00000 16400
1 1964 BOAT SLIP 36 1.00000 37800
1 1964 BOAT SLIP 39 1.00000 41000
1 1964 BOAT SLIP 17 1.00000 10700
1 1964 BOAT SLIP 35 1.00000 22100
1 1964 BOAT SLIP 30 1.00000 18900
1 1964 BOAT SLIP 13 1.00000 8200
1 1990 PIER 2 200.00000 2100
1 1987 BOAT SLIP 10 1.00000 100
2 1994 DECK 1 2900.00000 9100
2 1994 BOAT SLIP 22 1.00000 23100
2 2000 PIER/COVERED 1 105.00000 1000
2 1994 WASTE BIN 2 200.00000 2000
2 2000 PIER/COVERED 1 200.00000 2000
2 1994 BOAT RAMP 1 120.00000 100
3 1994 ASPH PAVING 1 90000.00000 78800
3 2000 GAZEBO 1 210.00000 3500
Notes

Tax Year Notes Note Date
Value Changes

Notice Date Tax Year Reason Changed To Deferred
Mar 21 2011  2011 Countywide Revaluation 4065700 0
Dec 16 2003  2003 Reviewed – No change in value 2798000 0
Mar 21 2003  2003 Countywide Revaluation 2798000 0
Feb 20 1998  1998 Countywide Revaluation 2357540
Jul 11 1997  1997 Imp/Addn/Remod Completed for Tax Year 1860970
Jul 11 1997  1997 Improvement/Addition/Remodeled Completed 1860970
May 26 1995  1995 Reviewed – No change in value 2280960
Feb 10 1995  1995 New Improvement 2280960
Mar 18 1994  1994 Building Demolished 898770
Apr 15 1991  1991 Countywide Revaluation 909300
Feb 22 1991  1991 Countywide Revaluation 909300
Jan 2 1991  1991 Countywide Revaluation 909300