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3 Mono-pole Billboards Near Chicago,Digital

Billboard for Sale in Hoffman Estates, Illinois

Hoffman Estates, IL
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Sale Price: $5,200,000

Contact Information

William Benham

Billboard for Sale

Media Type: Billboard, Digital Billboard
Ad Size: 14 ft x 48 ft
View: both
Daily Circulation: 120,000
Visibility: north and south
Illuminated: Yes
Purchase Method: Cash
Status: Active
Property ID: 880916
Posted on: Nov 22, 2017
Updated on: Nov 22, 2017
Price: $5,200,000

Property Description

This opportunity is free mono full billboards 14 miles from O'Hare airport Chicago. There are three existing billboards along with permits to convert for faces to digital.
This is an unbelievable opportunity.The opportunity as follows:
There are Three (3) Steel Mono Pole Structures with Three 30 year leases (Lease terms below)
There will be Six (6) digital permits .
I recommend Four (4) Digital faces for a revenue of $112,000 (dollars per month) @ 3500.00 per flip, 32
There will be Two static advertisements at $4500 dollars per face a month for $9000 total
The total revenue will be $121,000 per month at 100% occupancy
You will have $600,000 dollars in Four (4) new Digital faces
The installation and upgrading would be $120,000 for 2 structures
As an overview: you will have Two structures with Four (4) digital faces and Two (2) static faces. One
structure.Total of Three (3) structures
The lease is for 25 years at 20% of revenue after Ad Agency fees or $2000 per static Structure and $3500
per Digital Structure per month which ever is greater.
New Construction Costs
Engineering and Blue prints $3000
LEDs 2 Displays $600,000
Installation $120,000 for 4 displays
Restructure(engineering) billboard for LED $60,000
Electric upgraded for the 6 LEDs $75,000 ?
Price $5,200,000
Call Bill Benham at 352-789-4203

Ohare International Airport, Chicago 15 miles
The only Billboards on I-90 for 6 miles in both directions
Inbound right hand read to Schaumburg,IL,Major Retail area
135,000 Daily Traffic Count per IDOT
Affluent Area on Major Exit