(San Patricio County, TX)
We have had an AT&T tower on our property for 20 years with 15% inflation adjustment every 5 years. We are currently getting $874 a month. Our lease is not up till 2035, but American Tower has approached with an offer to extend the lease 30 years and pay us $20,000 to do so. We do not share in any revenue. We also regularly receive mail and phone calls from other companies offering to take over our lease.
Is the extension offer from American Tower a good deal?