: Offers a dividend yield around 4.76% and has shown consistent growth in funds from operations (FFO).

: Buyout prices often range from 15 to 19 times the annual revenue of the lease.

: Known for a high gross margin—roughly 83% on towers with three or more tenants.

: While technically possible if local zoning and permitting allow, building a new tower costs approximately $175,000 and requires securing a carrier tenant first, which is highly competitive. Key Factors for Investment Value How can you get a new cell tower in your neighborhood?

: You can purchase the rights to the rental income from a landowner who has a tower on their property.

: Offers below 15 times annual revenue or less than $150,000 are generally considered "lowball".

: This is the most accessible way to "buy" cell towers. Major public companies like American Tower and Crown Castle act as landlords for thousands of communication sites.