Fully-leased cell phone tower site available for purchase
3 tenants – Lease termination date: April 30th, 2044
Located in Hoover’s Riverchase Business District off of Highway 31
Convenient to I-65 and I-459
Adjacent to Terracon Headquarters ($1BN company);
Terracon office building is also available for sale
Low maintenance investment with minimal landlord responsibility
Note: This lease rate estimate incorporates public and user-submitted data into SiteBid’s proprietary formula, also taking into account lease facts, location and market trends.
Note: This doesn't include the value of the real estate and is only based on the lease rights an a recorded utility easement. The amount of the lease buyout depends on the rent being received under the existing lease, the tenant quality, the terms of the lease, the neighborhood location (including traffic counts and population), the duration of the period for which our investor has the right to collect rent, and a number of other variables that make up our risk assessment.
Infrastructure Investors are actively purchasing fee simple real estate, leases and easements on properties with active utility leases from tier-1 tenants (AT&T, Verizon, T-Mobile, etc.). Depending on the terms of the lease, the lease buyout valuations can range drastically between 16x-20x the annual lease rate for lump-sum payments and 18x-25x for structured payments.
33.414496, -86.843814
33.414496, -86.843814
33.413379, -86.844281
33.389481, -86.856197
The information provided is intended to be reliable but is not guaranteed.
