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Cell Tower Lease and 2 acres

Price: ($75,900)

Great opportunity for some passive income. Approximately 2 acres of land which has an existing cell tower on it, owned by someone else. Tower owner pays rent as follows: $4,563/year till 2020. If tenant chooses to renew each period, rents are: 2020-2025 annual rent is $5,247. 2025-2030 annual rent is $6,034. 2030-2035 annual rent is $6,939. 2035-2040 annual rent is $7,980. 2040-2045 annual rent is $9,177. 2045-2049 annual rent is $10,554. Total potential rent is $235,000+ over lease periods. Landowner pays minimal real estate taxes while tower company pays the most.

Also available as 93 acres of land with tower lease for $165,000. OR 91 acres vacant land only (no tower lease) for $89,900.

Land Information
 
Lot Size: approximately 2 acres
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Listed by:  Chris Gross
(View my listings)
View Map:  View map of area
 
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