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.

Construction Materials Other Garage YN No Location Type Highway Parking Types None Riparian Rights YN No View CityStreetOther Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Building Area Total 800.00 Cooling None Heating None Net Square Feet 800.00

Accessibility Features None Annual Gross Expense 0.00 Association Expense 0.00 Association YN No Business Type Other Central Air YN No Cooling Fuel None Cross Street Route 113 Electric Expense 0.00 Gross Income 33500.00 Ground Rent Payment Frequency Annually Heating Fuel None Historic YN No Hot Water None Insurance Expense 0.00 Lease Considered YN No Maintenance Expense 0.00 Navigable Water YN N Net Operating Income 33500.00 New Construction YN No Operating Expense 0.00 Original MLSNumber 304444784607 Other Expense 0.00 Ownership Interest Fee Simple Possession Immediate Property Sub Type Special Purpose Sale Type Standard Sewer No Septic System Tax Annual Amount 0.00 Tax Assessment Amount 0.00 Total Actual Rent 33500.00 Trash Expense 0.00 Vacation Rental YN No Water Source None Zoning Commercial Zoning Description Town Codes

Listing courtesy of Masten Realty Llc.

©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Rhonda Frick Team | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-10T23:52:41.817.

BILLBOARD Route 1

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BILLBOARD Route 1 MILFORD, DE 19963

Property Description

Construction Materials	Other
Garage YN	No
Location Type	Highway
Parking Types	None
Riparian Rights YN	No
View	City Street Other
Water Access YN	No
Water Oriented YN	No
Water View YN	No
Waterfront YN	No

Building Area Total	800.00
Cooling	None
Heating	None
Net Square Feet	800.00

Accessibility Features	None
Annual Gross Expense	0.00
Association Expense	0.00
Association YN	No
Business Type	Other
Central Air YN	No
Cooling Fuel	None
Cross Street	Route 113
Electric Expense	0.00
Gross Income	33500.00
Ground Rent Payment Frequency	Annually
Heating Fuel	None
Historic YN	No
Hot Water	None
Insurance Expense	0.00
Lease Considered YN	No
Maintenance Expense	0.00
Navigable Water YN	N
Net Operating Income	33500.00
New Construction YN	No
Operating Expense	0.00
Original MLSNumber	304444784607
Other Expense	0.00
Ownership Interest	Fee Simple
Possession	Immediate
Property Sub Type	Special Purpose
Sale Type	Standard
Sewer	No Septic System
Tax Annual Amount	0.00
Tax Assessment Amount	0.00
Total Actual Rent	33500.00
Trash Expense	0.00
Vacation Rental YN	No
Water Source	None
Zoning	Commercial
Zoning Description	Town Codes