Cell Tower Lease

[Sheri Nelson]

I have been approached by a cell tower company to put a cell tower on some property. The property is in an urban area. They have offered $1500 per month for a 5 year term and then 3 additional 5 year optional terms with 10% increases. I have no knowledge of cell tower leases and have no idea if this is a good rate or not. Can anyone provide any insight into this and any companies that would give good advice for this type of lease?