Does Verizon pay you to put a tower on your property?
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Does Verizon pay you to put a tower on your property?
A Verizon cell tower lease agreement typically pays landlords some some of the highest rents in the industry! Verizon Wireless is a very stable wireless provider with a low risk of removing their cell towers in the near future. Verizon’s real estate representatives are experts in cell tower leasing.
How do I get a cell tower on my property?
7 STEPS TO GET A CELL TOWER ON YOUR PROPERTY
- LOOK FOR OTHER CELL TOWERS WITHIN:
- RESEARCH LOCAL ZONING CODES FOR CELL TOWER REQUIREMENTS.
- CHECK COVERAGE MAPS TO DETERMINE WHETHER THERE IS A NEED FOR A CELL TOWER AT YOUR LOCATION.
- PUT A SIGN ON YOUR PROPERTY INDICATING THAT YOU ARE INTERESTED IN LEASING LAND FOR A TOWER.
How much does Verizon pay to put tower on your land?
In 2020 – 2021, we’ve seen cell sites paying between $100 per year (that’s right, $8.33 per month, to over $156,000 yearly with Top Tier cellular carriers, Verizon Wireless, DISH Wireless, AT and T-Mobile Sprint.
How much revenue does a cell tower generate?
On average, a cell tower generates $68,700 in revenue per year, and the monthly subtenant/co-locator (person whose property the antennae goes on) is paid $1,880-$2,874 per month.
How much does a cell phone tower lease pay?
The cell tower lease can pay a property owner anywhere from $100 per month to over $5,000 per month.
How much are cell towers worth?
The average cost to build a cell tower is about $175,000, but the cell tower lease can add $600,000 to $1 million or more in value to the property. There are some disadvantages from cell tower leases for some property owners.
What is the average cell tower lease?
WHAT ARE CELL TOWER LEASES WORTH IN 2021?
| 2020 Average Proposed Cell Tower Ground Lease Rate | 2018 Average Cell Tower Ground Lease Rate for All Leases (new and existing) | 2018 Average Cell Tower Ground Lease Rate for All Leases (new and existing) |
|---|---|---|
| $12,600/year | $14,640/year | $15,600/year |
Do cell towers devalue property?
The results of the research show that prices of properties decreased by just over 2\%, on average, after a tower was built. This effect generally diminished with distance from the tower and was almost negligible after about 656 feet.
How much is a cell tower worth?
Do cell phone towers decrease property value?
How much does it cost to lease a cell phone tower?
Cell tower leases could pay out anything from $10 per month for small niche carriers to more than $10,000 a month with the larger companies. Typical rental rates from a major management company could hit around $15,000 a month depending on location and space.
The way the industry operates is that they contact you. You typically do not contact the wireless companies to have them place a cell tower on your land. Typically, there is no shortage of willing property owners willing to lease unused land for a cell tower, so the cell tower developers don’t need help finding property.
Is there a Multiple Listing Service (MLS) for cell tower leases?
There is no Multiple Listing Service (or MLS) for cell tower leases. Steel in the Air has been gathering data about lease rates for nearly 20 years.
Who are the best cell tower lease advisors?
Airwave Advisors are the nation’s leading cell tower lease experts rated A+ by the BBB. To make sure you are not making any mistakes and are capturing as much as you can capture in your cell tower lease, contact Airwave Advisors today. Give us a call at (888) 443-5101 or e-mail us at [email protected].