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In recent years, there has been a significant increase in offers to landowners to "pre-pay"…
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Hi Ken,
Just to bring you up to date, T-Mobile did cancel our previous Sprint lease but DISH stepped in and signed a lease for the site. They have cleared all the previous Sprint equipment and antennas but told us that the likely build date would be in 2023 as they are very busy with many other sites. Because the antennas for this site are mounted on a public utility power pole, the rent we will receive is somewhat less than if all their equipment was on our property.
Best wishes,
John
John, sorry for the tardy reply- but thanks for updating us. Glad to hear that DISH is being added to replace the Sprint revenue.
Ken,
I got an email around August 25th from Dan Clark, Cellular Ventures, offering 17-20 times gross antenna income, subject to due dili. on leases, which we should have passed. Note Sprint is vacating site and Comcast has proposed new lease to us, as you know. I wrote Dan back declining to sell stating we need the income to support low income tenants; we can't replicate current/new income stream, if we sell the leases. GM
Thanks for the information. Always good to keep up on current trends. I was wondering why so many by out offers lately.