Tower Buy Out Offer
I have been approached with a buy-out offer for my existing cell tower lease just 1 year in to the first of 5 potential 5 years terms.
Initial Mo. Rent: $685.00
Yearly increase: 2.4% annually
Lease agreement: (5) year term with option for (4) more 5 year terms.
Currently in year (2) of first 5 year term as mentioned.
1) (7) year installments equaling $111,000.00
2) (12) year installments equaling $130,000.00
3) Lump Sum Payment $81,000.00
Site is currently single tenant and was originally built by AT&T. Now owned by one of the major tower companies.
Forget about whether the original deal was bad or not, it was very competitive amongst several land owners at the beginning.
Also, I am not comfortable with the word Perpetual easement.
Contact a Telecom Lease Lease Genius Today.