What are Verizon cell tower lease rate values?

by John
(Reno Nevada)

Verizon wireless proposed a cell tower on my relatives land in Reno Nevada. What is the range for a Verizon cell tower lease for monthly or annual rent?

I heard it can be up to $7,000 per month for a cell tower but it seems high.

We were offered less than $1,000 in tower rent per month.

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Jul 22, 2019
Nice job Bumper.
by: Tower Genius

Well done!!

Jul 19, 2019
Reno cell tower rate?
by: bumper

What Tower Genius said makes sense, though starting at $1000 might be a little low. If you haven't tried negotiating, making a counter offer or getting a better annual increase percentage, that may get you a more attractive offer.

My cell site in CA started at $600 a month in 1996, which is roughly $1000 in today's dollars. It had a minimum annual increase of 3%. That was increased to 5% minimum in exchange for my dropping an initial revenue sharing clause that gave me 50% of any co-location rents!

In a recent 30 year contact extension (in 5 year option increments), I got a $25K signing bonus (they initially offered only $5K). Annual increase remains at 5% and is now almost $2000 a month. This is for a free standing tower and small equipment room, located near the intersection of two freeways in northern CA.

Jul 18, 2019
Verizon cell tower rent values
by: Tower Genius

John that values are based on a site by site basis. While we do bump into cell towers that generate $7,000 per month, those are either mature rooftop cell sites in majored metro areas that have been escalating at 4% annually for 20 years or "loaded" matures towers with multiple carrier tenants where the landlord gets a portion of the additional rent as revenue share.

We've seen several Verizon proposal in and around Reno, NV in the $1,000 range, especially where they have a number of choices they could build on.

Where there are topography challenges and limited choices that rent values will be greater.

Let us know if we can be of assistance.

Tower Genius

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