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.

Essentials

MLS Number
Dekt245718
List Price
$450,000
Standard Status
Active
Waterfront
N

Location

Address
Billboard Route 1, Milford, De

Interior

Heating
None
Heating Fuel
None
Cooling
None
Hot Water
None

Interior Features

    Appliances

      Additional Information

      Acres
      0.00
      Year Built
      0
      New Construction
      N
      Property Type
      Commercial Sale
      County
      Kent
      Listing courtesy of Masten Realty Llc.