My father was offered a cell phone tower lease that has an option to build a 130-200 foot cell tower monopole or tree cell tower monopole on a commercial parcel we own near Richmond, VA. We were approached by Sprint a few years ago but were not interested then. Now a different cellular company has offered to pay us a monthly payment of $1200, and 5% increases every 5 years. But that is less than what Sprint was offering back in 2005. Our lot is within a half mile of a retail shopping district and I think its prime real estate – the area is expanding and we are at a higher elevation than the strip mall. We are 15 miles from downtown Richmond and I’d like to see what the tower leasing rates are in my area.
Tower Genius is USA's Premier Cell Tower Lease Coaching and Consulting Firm. Find out how we help landlords and property owners in the USA maximize cell site lease values and get the best possible terms. Book a 30-minute discovery consulting call with Kevin or Steve Today.