Trophy Redevelopment (with Billboard Income)

Subject is a trophy redevelopment play currently a recently vacant office building (previously used as an insurance office) that includes a billboard with income, strategically located along US HWY 192 and Fortune Road. US HWY 192(Irlo Bronson Mem. HWY) is an arterial road that carries significant traffic volumes(52,000 VPD). The immediate trade area features above average household incomes,with an average of nearly $53,000 within a 5-mile radius,and,features high population demographics,with over 172, 760 people residing within a 5-mile radius. The site is located near multiple projects of significant economic impact. The subject property is also located next to the 482.5± acre NeoCity Technology District, which has an estimated total economic output of $25.3-28.8 billion dollars.