All Forum Posts by: Jamael Lett

@Shane H. Thanks for your reply. I’ve called around and have been told pretty similar information that the ground lease should be at around 15–20% of the gross revenue. I have architectural plans made that account for the sign. The value of the property will increase significantly, will include multiple tenants, and will include “sitting” traffic. This will increase value for not only the property, but will help the advertising company.

Thanks for your reply. I’ve called around and have been told pretty similar information that the ground lease should be at around 15–20% of the gross revenue. I have architectural plans made that account for the sign. The value of the property will increase significantly, will include multiple tenants, and will include “sitting” traffic. This will increase value for not only the property, but will help the advertising company.

I own commercial property in Mobile, Alabama. I am at the end of a 15-year lease with Lamar signs, who owns a digital sign on my property. The company charges about $1,200 per 4 weeks. The company has the ability to add up to 6 separate advertisements on 1 face of the billboard. I have plans to build a strip center worth well over $800k on the property with at least 1 national brand. I am asking for at least $16K a year from Lamar Signs, with 3% increases every year for inflation. Is that pricing at Market or below? Also, can I put a provision, which allows me to renegotiate in the case that they add another digital board on the other side of the board?

I own commercial property in Mobile, Alabama. I am at the end of a 15-year lease with Lamar signs, who owns a digital sign on my property. The company charges about $1,200 per 4 weeks. The company has the ability to add up to 6 separate advertisements on 1 face of the billboard. I have plans to build a strip center worth well over $800k on the property with at least 1 national brand. I am asking for at least $16K a year from Lamar Signs, with 3% increases every year for inflation. Is that pricing at Market or below? Also, can I put a provision, which allows me to renegotiate in the case that they add another digital board on the other side of the board?

I own commercial property in Mobile, Alabama. I am at the end of a 15-year lease with Lamar signs, who owns a digital sign on my property. The company charges about $1,200 per 4 weeks. The company has the ability to add up to 6 separate advertisements on 1 face of the billboard. I have plans to build a strip center worth well over $800k on the property with at least 1 national brand. I am asking for at least $16K a year from Lamar Signs, with 3% increases every year for inflation. Is that pricing at Market or below? Also, can I put a provision, which allows me to renegotiate in the case that they add another digital board on the other side of the board?

I own commercial property in Mobile, Alabama, and I am at the end of a 15-year lease with Lamar signs, who owns a digital sign on my property. The company charges about $1,200 per 4 weeks, and averages over 100,000 impressions per week. The company has the ability to add up to 6 separate advertisements on 1 face of the billboard. I have plans to build a strip center worth well over $800k on the property with at least 1 national brand. I am asking for at least $16K a year from Lamar Signs, with 3% increases every year for inflation. Is that pricing at Market or below? Also, can I put a provision, which allows me to renegotiate in the case that they add another digital face on the other side of the board?