Billboard Route 1, Milford, 19963
$498,175
MLS #: Dekt245718
Great income producing billboard at the highly desirable intersection of Route 1 & Route 113 in Milford. Long term lease to Clear Channel Outdoor, currently in the 6th year of a 10 year lease, and tenant has been a 30+ year tenant. Ownership transfer will be a perpetual easement. Price is based on 7% return for the projected 2022 income. Buyer must cooperate with Seller's 1031 exchange.
Listing courtesy of Masten Realty Llc.
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Exterior Features
View
City, street, other
Construction Materials
Other
Interior Features
Heating
None
Heating Fuel
None
Cooling
None
Hot Water
None
Additional Details
Acres
0.00
Year Built
0
New Construction
N
Property Type
Commercial Sale
County
Kent