Digital Billboard with Retail Building

Business Opportunity for Sale
Catylist Listing ID: 30148060
Property Subtypes: Communications and Media
Building Size (RSF): 1,100 SF
Sale Price: $630,000
Year Business Established: 2014
Gross Revenue: $0 (Annual)
Cash Flow: $56,700 (Annual)
Sale Terms: Cash to seller.
Last Updated: 7/20/2017

Overview / Comments

A digital billboard and a single tenant retail building. Both the building and the billboard are owned by the seller and are being offered together.

The building is leased to an authorized agent of MetroPCS. The billboard has multiple advertisers.

The billboard was built in 2014. The building was completely renovated in 2016.

Please do not discuss with tenant or tenant's employees. All income statements etc. to be released to buyers with current letter of proof of funds and signing of NDA. Contact listing representative for ALL showings.

The property is located at the intersection of Ninth Street (LA Hwy 70) and Brashear Ave in Morgan City Louisiana. Businesses located at the other four corners of the intersection are Whitney Bank, Courtesy GMC/Toyota/Ford and MidSouth Bank. A new Walmart Neighborhood Market has recently been built along Ninth Street. Other new additions nearby include a new AT&T building, a CC's Coffee, Verizon and Orange Leaf Yogurt. Ninth Street is the main connector route from Hwy 90 to Teche Regional Medical Center.

9% cap rate property.

Additional Details

Nearest MSA: Morgan City
County: Saint Mary
Industry Segment: Other Communication and Media
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,329 17,267 23,144
Median Age: 37.62 37.4 36.98
Households: 3,428 6,758 8,944

Contact

Photograph of Listing Agent

Mark Guidroz

Parish Orleans Properties
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