Property details
Billboard For Sale, Southeast Region
Property Description
Billboard For Sale
Billboard for sale located in west central Florida. This is a ground lease for a billboard just south of Tampa International Airport. 142,000 cars per pass this billboard located right on a major expressway.
Annual Rental Income (NOI):
From years 2009 through year $57,034
Year 2010 to Year $58,745
Year 2011 to Year $60,507
Year 2012 to Year $62,323
Year 2013 to Year $64,192
Year 2014 to Year $66,118
Year 2015 to Year $68,102
Year 2016 to Year $70,124
Year 2017 to Year $72,249
Other property related to Billboard for sale
» NNN Property Search
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» Net Lease Property Search
Search for all Net Lease properties related to Billboard for sale by unchecking the "Property Types" box in our PROPERTY SEARCH form, then check the box for "Net Lease". Fine tune your net lease search with other criteria like by CAP rate, price per square foot (PSF) in a Detailed Search Type, etc.
» Ground Lease Property Search
Search for all Ground Lease properties related to Billboard for sale by using our PROPERTY SEARCH, expand the Property Types, then check the box for "Ground Lease". Fine tune your ground lease search with other criteria like by CAP rate, etc.
» Tenant Search
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Note: Approved principal buyers are the only authorized users of the property search form.
Images
Highlights
- Status:
- Sold
- Price:
- $650,000
- Cap Rate:
- 8.77%
- Annual Rent:
- $57,034
- Rent Increases:
- 3% per year.
Property Information
- Property Type:
- Ground Lease
- Industry Type:
- Bank / Credit Union
- Units/Spaces:
- 1
- Land Area:
- 100 sq.ft.
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Billboard
- Lease Type:
- NNN
- Lease Commencement:
- 01/01/2009
- Lease Expiration:
- 12/31/2017
- Lease Term:
- 8 years
- Lease Remaining:
- -7.8 years
- Landlord Responsibilities:
- None - NNN
- Options:
- Yes
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.