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Approached about leasing land?

Discussion in 'Working or Investing in the Wireless Industry' started by Isaac1, Sep 19, 2016.

  1. Isaac1

    Isaac1 New Member

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    Location:
    Louisiana
    We have been approached by a representative for a major cell carrier regarding leasing land for a guyed wire style cell tower on our rural farm property (350 acres). The process seems to be he selects 3 potential sites and forwards those to the cell company, they then make a selection. From what I know from our initial contact call is they want a highway frontage site, between two points roughly 3/4 mile apart. We own the majority of the cleared land along this section of highway (other side of the highway is timber land), however there is 1 other large section of cleared land next door that is very similar to our property.

    The initial offer terms are 35 year total lease term, with 5 year renewal options on their part, $500 per month, 10% increase every 5 years, and they may require up to 3 acres. The location is somewhat rural in Louisiana, however it is a growing area, and small tracts of highway frontage property is starting to be in high demand for people wanting to build mini-ranches, etc. So part of our concern is how this might effect land value, as well as other liabilities, tax implications, etc.

    Highway frontage land in the area is currently selling for around $10,000 per acre in small 5 - 10 acre tracts.

    Thanks for any insights you might be able to give, is most welcome, I have tried to google this subject, but most threads are about far more urban sites, or regard much smaller towers.
     
    #1 Isaac1, Sep 19, 2016
    Last edited: Sep 19, 2016
  2. KevinJames

    KevinJames WA's 1st retired mod
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    JFB likes this.
  3. Celltowervalue

    Celltowervalue New Member

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    It has a lot to do with territory and also carrier. I have been in the leasing industry for over 13 years and have reviewed over 20,000 leases. Feel free to PM me and I can help.
     

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