Lytle Rd
Troy, OH 45373
0 Lytle Road · Land For Sale · 55.80 AC

The subject property is 55.8 acres. The sale is subject to crop rights. The parcel contains three interstate billboard display signs. The land owner has negotiated a long term lease for the display signs expiring January 2019. Annual rental income from the display signs is $8554. There is an annual rent escalator of 3% in the lease agreement. Lessor may terminate the sing lease upon 60 days written notice. The land is cash rented for $14,229 per year. The ground lease may be terminated if the lessor gives the lessee sixty days notice prior to the expiration of the annual lease term ending on December 31st, of each year. This property was annexed into the City of Troy on 9/29/16.