Have you thought of the possibilities?
Billboard Landowners usually have a lease on their property which allows a billboard company such as Lamar, CBS, ClearChannel, etc. to install their sign. Most billboard land leases provide the property owner with an annual payment and provide the sign company with a small space to display their sign. A billboard land lease is certainly less risky than a commercial tenant lease, however they are unique and do come with their share of concerns. Billboard tenant lease risks include unexpected vacancies, permanent changes in traffic patterns, weather damage, industry consolidation, etc.
Freedom of investment and peace of mind come to the billboard lease seller. Peace of mind comes from the elimination of risks associated with owning and managing a billboard site. Freedom of investment comes from you receiving a lump sum, allowing you to diversify your own investment portfolio.
Billboard tenants are tenants, and they can vacate a lease just as a commercial building tenant can. Often times faster, as most billboard ground leases have 30 to 90 day termination options for the tenant. Why would a billboard tenant vacate? Three common reasons for vacating exist. Traffic patterns change, new roads are constantly being planned and constructed. Sometimes a road that was very important to reaching drivers in the area, is not so important when a new bypass opens. Another reason a lease can be vacated is the view of the display becomes obstructed. If a new building, etc. blocks the view of the sign advertisers won't be interested in using that location. Lastly, over saturation of billboards can occur in some markets. The simple rule of supply and demand, this is somewhat common with mergers. A large operator will come into an area and buy out a few smaller billboard companies, remove some of the inventory from the market and increase the rates. This allows the purchaser to have the same amount of income with less billboards, creating higher profits for them.
No visible changes take place. After completing a transaction with Outdoor Equities the billboard tenant simply mails their lease payment to Outdoor Equities. The current billboard company operates and maintains the sign just as they have before.
If you own land containing a billboard sign and would rather collect a large amount of cash instead of smaller payments over a period of time, fill out our quote request today!