Verizon wants to put a 200' monopole on my property

by Stephanie
(Hartwood, VA)

I live in a suburb of Washington, DC - Stafford County to be more specific. While I live in the western part of the county that is not as developed as the eastern, the county has been experiencing 6% annual population growth and there is a major highway (30- 40,000+ vehicles) per day within 2 miles of the proposed tower. Within 5 miles of the proposed pole, the county is has designated a "high density redevelopment plan" for the county along the same highway corridor. In other words, a lot more residential and business development.

Verizon has approached me about putting a 200' monopole on my property. The Land Acquisition Specialist has said my property is ground zero for where they want to put a tower to address existing issues of poor coverage/dropped calls. I also have the infrastructure (power, Verizon Fiber, access road) already in place which would save them a lot of money in the installation vs my neighbors.

The initial offer is $1,100 per month for a 25 year lease which I feel is extremely low. I know that's their job to low-ball me and I'm not having any part of that. What would be a realistic number to throw back at them? I was more along the lines of $2,000 minimum.

Comments for Verizon wants to put a 200' monopole on my property

Average Rating

Click here to add your own comments

Oct 11, 2014
Rating

No drawings yet...
by: Stephanie

No, we are in the initial stages right now. I will be meeting with the Land Acquisition Rep in a week. I am going to "play dumb" for now. I am just doing my homework just to get an idea of what to expect and to see if the money is worth having an ugly 200 ft tower on my property. My property is their first choice because I have power, phone fiber and access already in place. My neighbors do not.

Oct 10, 2014
Rating

How much to ask for??
by: Anonymous

When La Cellular came to me in 1988, they offered me 750 per month and an annual increase tied to the cost of living index.

I counter offered them 1500 per month and 6% annual increase. This worked for around 8 years until ATT took over and via a third party consultant,said they wanted a discount or de-commission would occur. At the time, there was no accurate information, and no one to trust. So the company got me to lower the 6% to 3% and rent discount 200 per month. The odd thing was the Consulting company wanted to "buy" my lease after all this de commission talk. What?? Today, Sprint is on board. I get $2,200 from each. These rents are low for my area. they are in a very high density Los Angeles Freeway area that has over 500,000 cars passing daily. not counting surface streets.

Also, note you may get a supplemental property tax for the tower improvement, make sure the lease covers the increase. I send a request every year, (in October), to ATT for the additional $1,000 for their site.

*) Monthly payments, no lump sum. Kills lease value to lease buyers. Around 10 companies today.

*) No first right of refusal if you decide to sell. Kills lease value.

*) annual increases, not once every 5 years.

*) % Share in new carrier brought to site

Offered around $120,000 for the site. Today I have been offered almost $1 million. They use an annual multiplier of between 12-14 time to "buy out lease your position. These sites are the carriers assets. search ATT sells tower to Crown castle. And Verizon looking to sell sites as well. The Increase % and rent make a big deal if you sell.

Today, I have come to the conclusion that it was a scare tactic and they would never have shut the tower down. I have not collected $154,000 since the discount.

Good news, ATT lease ends in around a little over 36 months.

They will counter, $1,500 is a good start.

Oct 10, 2014
Rating

Get the Lease Exhibits yet?
by: Tower Genius

Stephanie have they provided you with drawings yet? We wouldn't say that Verizon is low balling you. The rent the offered is low but we've seen offers recently less than $500. They must be have a contest or something. You don't want to start throwing around numbers until you know they are committed to your location and not going to lease from your neighbor just because you pushed them too hard.

Please call us to discuss.

Tower Genius
888-313-9750

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Cell Tower Lease Rates.

Cell-Tower-Leases.com
Contact Tower Genius

Please note that all fields followed by an asterisk must be filled in.

First Name*

Last Name*

Email*

Phone*

Cell Site Street Address*

Cell Site City*

Cell Site State*

Type of Lease*

Service Needed*

How Can We Help*

GDPR*

	I am at least 16 years of age.
	I have read and accept the privacy policy.
	I understand that you will use my information to contact me or send me the information I requested.

Cell tower lease agreements Selling Cell Tower Lease Tower lease extensions Cell site upgrades Small cell proposals Lease amendments Tower lease buyout offers Rooftop lease buyout offers Rooftop cell site audits Lease Agreement defaults Cell tower valuations Rent reduction solicitations Lease Optimization Help Lease Revenue Purchase Transactional Coaching		Verizon Wireless AT&T T-Mobile DISH Wireless US Cellular SiriusXM Crown Castle American Tower Atlas Tower Phoenix Tower PTI Vertical Bridge SBA Communications Tillman Infrastructure Lyle Company, Black Dot, Md7 Everest Infrastructure

Share this page:

What’s this?

Facebook X Pinterest Tumblr Reddit WhatsApp

Like this page? Show us some Social Love. Here's how.

Would you prefer to share this page with others by linking to it?

Click on the HTML link code below.
Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.