Currently, hundreds of thousands of cell towers dot the landscape worldwide. These towers provide service to billions of people, and they’re a necessity in most areas of the world. Plenty of these towers are located on private property because landowners can lease out their land for them. In fact, an individual stands to turn a profit over time with a tower lease. Cell tower lease rates fluctuate over time, and landowners won’t make a fortune here.
Nonetheless, rates are worth it for landowners not using their land for another purpose. Lease rates can range from a couple hundred to a few thousand dollars per year. Rural areas often feature lower rates than urban areas, though. Therefore, those with ample land in urban areas stand to make the most money. Nothing beats passive income, and cell towers may prove the perfect opportunity in that regard.