Cell Tower Lease Buyout?
(Apex, North Carolina)
I have a cell tower on my property here in North Carolina. We have four carriers on the tower and we receive the initial lease payment plus 30% of all colocation revenue at the site. The total value of my lease, as it stands now, is worth just over $2.1 Million dollars over a 30 year period.
A company called me recently offering me a one time lump sum buyout of the lease. The company offered me $320,000.00 to sell my cell tower lease to them. I could use the cash to pay off some debt I have as well as it would pay off what I owe on the property.
Is this a good deal? Should I jump at it since the carriers may take the tower down ahead of the full lease period? Thanks for any direction you can provide.
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