0.23 ac w/Billboard already leased thru 2034
PROPERTY DESCRIPTION - The opportunity is to purchase a parcel of land that generates approximately $50,000 per year in income based on a lease with Clear Channel Outdoor lease. The lease goes through 2034 with a rental rate of 15% of the revenue with a floor of $30,000 per year. Clear Channel recently improved this billboard to an LED digital board on one side with a static board on the south side. In 2014 they renewed the lease for an additional 20 years. I-275 has over 143,500 cars a day driving by this billboard on the way into downtown Tampa.
LOCATION DESCRIPTION = The billboard is located at 11300 N. Central Avenue in Tampa, FL. It is on the west side of I-275, just south of Fowler Avenue.
PROPERTY SIZE - 0.23 Acres
ZONING - RO-1
PARCEL ID - 094933-0000
PRICE- Call for Details
TRAILING 3-YEAR NET OPERATING INCOME - $50,954.33
ALL OFFERS DUE BY SEPTEMBER 10TH at 5:00 PM
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