Posted by Madisonbob on February 04, 2019 at 20:05:47 from (174.238.144.59):
In Reply to: OT, Cell Phone Tower posted by gearheadbill on February 04, 2019 at 16:47:57:
About 10 years ago we signed a lease for a small plot on the edge of one of our properties. Initially was about $9000 yearly for first five years and increased every 5 years up to 35 years. We sold the property after 5 years and the buyer paid us for 30 years of income. Would do it again in a minute. We still get contacts in the mail wanting to buy our lease out, not realizing we no longer own it. It made our property a lot more attractive to buyers and did not detract at all from the use of the rest of the property.
Take a look at American Tower, a public company that does this for a business. Has been a tremendous stock to own.
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