Cell Tower Lease Buyout Tennessee

by Lynn
(Tennessee, USA)

Just inherited a cell tower lease from my mom, with my twin brother. He wants to sell the lease to the the company for $150,000 dollars. We are getting 562 dollars a month now for 3 more years, and it increases 15% every five years for 10 more years. The cell tower company has three 25 year options after the original 25 years has expired. The tower is located in Sullivan County, Tennessee, near Kingsport, Tn. Is $150,000 a good deal for selling the lease? Awaiting your recommendation and answer! Thanks!

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Mar 03, 2016
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by: Anonymous

Hi Lynn,

The beauty about these Leases is that they do not have to be sold at 100% (the entirety of 3 years remaining plus 25 years and another 25 years).

You can simply sell the following 3 years remaining for the cash and payoff debt and other obligations - in this case, $150,000 for the 3 remaining years will be a stellar... But I believe, knowing these lease buying companies, it is to buy the Lease in perpetuity which is really low... Consult these guys or consult me:
Jul 23, 2011
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by: Tower Genius

Please give us a call IMMEDIATELY. We need to see your lease agreement and the offer that was presented to you. We need to know who presented the offer to you. Some of these companies are less than reputable.

We can guide you to companies that are reputable and will be able to maximize your deal so that way you know you are getting fair market value.

Some of these buyout offers that are presented to Owners see too good to be true, because they are.

Our initial phone consultation is free. Please give us a call we do not bite.

Tower Genius 888-313-9750

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