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Updated over 5 years ago on . Most recent reply
#1 Real Estate Agent Contributor
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Billboard Investment Rents
#1 Real Estate Agent Contributor
- Real Estate Broker
- Coppell, TX
I see a small plot of land on the foreclosure list that looks like it has a billboard on it. Can anyone give me an idea of rent and terms that might be typical for such a venture? I know it depends...so looking for more specifics on if you have done this and what kind of rent you get.
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#3 Commercial Real Estate Investing Contributor
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#3 Commercial Real Estate Investing Contributor
- Attorney
- Dallas, TX
Originally posted by @Bruce Lynn:
I see a small plot of land on the foreclosure list that looks like it has a billboard on it. Can anyone give me an idea of rent and terms that might be typical for such a venture? I know it depends...so looking for more specifics on if you have done this and what kind of rent you get.
Is there a recorded ground lease? I had a client selling, ground lease was less than a thousand a year, but he was charging $25-40k a year to retail. So it really depends on what rights you're buying