Billboard Route 1, Milford, De 19963
List Price $450,000
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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.
Billboard Route 1, Milford, De
Listing courtesy of Masten Realty Llc.