Not sure if my situation is the same, but appreciate all input. My office has parking lot in front. Oncor put a tall tower for electricity on a corner of my parking lot (cost 2 spaces for parking). No $ for me from Oncor (they have right of way). But Verizon approached me and ask for lease of the land beneath the tower (about 150 sf) to build a cell (they will take care of landscaping/maintenance) so they can use the tower (not sure about any deal between Verizon and Oncor). Verizon offers me $4200 per year with 3% increase per year, for 5 year term with 4 more additional terms (total 25 years). What do you think? Too low ?
$3,000/month for the tower plus $300/month for the land beneath the tower, plus the annual increases you mentioned.
I develop towers for all of the major carriers. I could offer you significantly more. Feel free to contact me if you would like.
Thanks for all the replies.
Judy: The tower was built by Oncor, not by me