Feb 17, 2023 - 01:41 PM
First, I removed the name of the tower owner from the post. You don't want them finding your post, and being able to identify which site it is based on the specific rent and other descriptions. I will say though that they are a reputable company and in the past, we know of towers they removed at the end of their lease. As long as they are still involved as is the broadband company, you should be safe. If they try to assign the lease though to another entity, I would likely terminate it at that time. It would cost in excess of $50K to remove the tower.
The $117/mo. is absurdly low for any tower ground lease. Not worth the hassle of giving up the use of the property for that amount. For that reason alone, I would either recommend terminating or renegotiating a new lease. Whether to renegotiate and what it might be worth is hard to say in the abstract.
The tower is likely a cable headend tower. The dishes on the ground are old satellite dishes and are not likely still in use. Many cable headend towers are being decommissioned as cable signal is being distributed by fiber optic cable, not satellites. Some of these towers have other wireless providers using the tower and are still valuable. Some more remote ones are still being used for cable distribution.
We have been retained by a number of clients with cable headend towers on their property to determine whether to extend the leases and if so, for how much. As each of them was different, hard to say what is likely in your case. The best thing to do would be to reach out to us separately and we can review it and let you know if there is value in having us review it formally.