Digital Billboard - West Conshohocken
1001 Conshohocken State Rd Conshohocken , PA 19428-2908

Digital Billboard - West Conshohocken - retail for sale

0.18 ac
Retail --Single tenant/Standalone Sale/Purchase
USD $4,555,757

Description

Jones Lang LaSalle Americas, Inc (JLL) is pleased to exclusively offer the opportunity to acquire the interest in an income-producing, double-sided digital billboard leased to Catalyst Outdoor (the “Property”) in West Conshohocken, PA – situated along The Schuylkill Express (I-76). The Tenant has executed a fee agreement, which increases annually two percent (2%), and is in perpetuity. In 2020, Catalyst Outdoor spent over $2 million renovating the billboard, transforming it into a double-sided digital billboard and adding a living wall, clocktower and a water wall. Located in West Conshohocken, PA this location reaches commuters traveling from Philadelphia in route toward major arteries such as the PA Turnpike, The Blue Route (1-476), Routes 422 and 202. 


Catalyst Outdoor Advertising, the Tenant/Operator of the digital, double-sided billboard, was founded in 2009 by CEO Thaddeus Bartkowski. The company is local to the Philadelphia MSA and over eight years built the largest outdoor digital signage network in the Philadelphia Demographic Market Area, including numerous monument signs to go along with their digital billboards. In 2018, Catalyst divested a majority of their assets to Lamar and Clear Channel Outdoor, for an estimated $85 to $95 million.