So I just got an interesting call from a cell tower operator — he reached out asking if they could lease a portion of land on one of my RV park parcels to put up a tower that they could then turn around and lease to the major carriers like T-Mobile, AT&T, Verizon.
Here’s the gist of what they offered:
- 5-year lease with a 2-year extension option
- They pay for all due diligence, permitting, feasibility studies, and construction
- It would take about 6 months from approval to having the tower fully up and running
- We’d get $1,000–$1,500/month in passive income
- If we wanted, we could sell the lease for 15x annual income (so if it was $1,200/mo → that’s a potential $216K payday)
Pretty wild. I haven’t gone down this path before, but it seems like a super low-effort way to add income to a rural parcel if it checks out.
Has anyone here dealt with cell tower operators before? Would love to hear your experience — good, bad, or scammy.
Drop a comment if you’ve done this or know someone who has. Curious to see where this goes.