I have a Sprint cell tower that is in the 17th year. I still have 8 years left on the lease agreement but when we did originally sign the contract we did not ask for enough money on the rent and I'm only getting 10% rental increases every 5 years which I think is not really the going rate. I have been approached recently by a company that offered to purchase the tower and would give us half of all future income on the tower. We are currently getting $1,600 per month and we are on Long island. Are Sprint cell towers going to be replaced by smaller technology that will cause carriers like Sprint to use less equipment, rent less space, use smaller antennas and pay less rent? I am worried that this technology may become obsolete before my 25 year lease is over and I should sell to protect ourselves. Any suggestions?
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