RARE BILLBOARD Permit EASEMENT. Property is 1 OF ONLY 2 permitted through Little Elm, fronting FM 423, a major connecting 6 lane road from Dallas to US Hwy 380. Daily traffic count approx 60,000 cars. City of FRISCO does NOT allow billboards, Little Elm is not granting any new easements. Currently leased to Clear Channel with a 2021, 10-yr contract. The contract is a % of gross revenue lease for the advertisements, with option to extend for addt’l 10 yrs.Traffic count has doubled in the last 2 yrs. FM 423 is only connector road south from I-35E in Denton. Selling addt’l or separately to the Billboard, is a commercial building. Purchase one or both at auction.Do not miss this RARE opportunity!
Listing courtesy of North Vine Realty.