Mockup of 12'x24' Right Read
Mockup of 12'x24' Right Read
Mockup of 12'x24' Left Read
Mockup of 12'x24' Left Read
Mockup of 14'x48' Right Read
Mockup of 14'x48' Right Read
Mockup of 14'x48' Left Read
Mockup of 14'x48' Left Read
Mockup of 12'x24' Right Read
Mockup of 12'x24' Left Read
Mockup of 14'x48' Right Read
Mockup of 14'x48' Left Read

Billboard Details

  • Media Type: Billboard, Other
  • Listing ID: 1559646
  • Posted On: Nov 18, 2021
  • Updated On: Dec 22, 2021

Description

I’m selling two sets of leases and permits to erect two static, double-sided billboards on two separate properties in Nashville, TN.

Permit & Lease A: 12'x24' double-sided monopole (full flag configuration) with a 15 degree vee and overall height of 42’5". Billboard is non-illuminated. Competitors charge $800 to $900 per side per 4-week period for nearby billboards of the same size. The lease for this billboard has a 15-year term that pays the greater of 20% of gross revenue or $308.33 to the landowner each month.

Permit & Lease B: 14'x48' double-sided monopole (center-mounted configuration with back-to-back faces) and overall height of 50'. Billboard is illuminated. Competitors charge $1800 to $2250 per side per 4-week period for nearby billboards of the same size. The lease for this billboard has a 15-year term that makes one annual payment of $11,000 to the landowner each year. This billboard is illuminated.

The average combined value for both sets of permits and leases is $137,145, which reflects a cap rate of 15%, vacancy rate of 15% (nearby billboards are almost never vacant, but for safe measure, this has been factored in), and the cost to fabricate and install both billboards. However, due to a time crunch, I'm discounting the price to $99,000.

If you’re interested, please contact me at:

Matt Harmon
matthewgharmon90@gmail.com
(224) 401-2299

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