Tower and Lease Listings

3289 Dam Neck Road, Virginia Beach, VA, USA

Contacts: Bud Blinick 847-977-2314

Cell At Auction LLC presents a unique opportunity to acquire an AT&T ground lease site easement in Virginia Beach, Virginia.    We are offering a easement between the Dam Neck Tower LLC (seller)  and AT&T.  Dam Neck Tower LLC owns the easement on the property which provides AT&T access to their Antenna installation.   The original agreement commenced on October 29, 1998 through April 15, 2023 and there were six(6) additional five year renewal terms.  On July 1, 2022 the rent commenced at $1,000 per month with 2% annual rent increases.   The rent for May 2025 will be 1,061.21.   AT&T makes direct rent payments both to  the seller as well as to Vertical Bridge who has a master lease agreement with Virginia Electric and Power Company, whose tower the AT&T antenna is installed.   
AT&T has the Right of First Refusal.  
These are some particulars:
The Property address is: 3289 Dam Neck Road, Virginia Beach VA.   
Sealed Bid Deadline: May 21, 2025
Current Annual Rent: As of May, 2025 $12,734.52 annual.  
Burton Blinick, Licensed Real Estate Managing Broker and Auctioneer 

45 Industrial Highway, Essington, PA, USA

Contacts: Bud Blinick 847-977-2314

Cell At Auction LLC is pleased to offer the opportunity to acquire Verizon and T-Mobile Site Lease easements in Essington, PA. This Quality Inn is located 10 minutes’ drive from the Philadelphia International Airport at the Interchange of I-95 and Wanamaker Ave.
The original Verizon site lease agreement was entered into in January 2008 at $19,300 per year for five years with 3% annual increases. There were an additional four (5) year renewal extensions. A second amendment was signed on May 6, 2024 replacing the original number of extension renewals from four to eight. Per this second addendum the final renewal term will start on January 1, 2041. The current rent is $2,931.22. Effective Jan. 1, 2026 the rent will be $3,000 per month with 3% annual increases.
The original T-Mobile site lease agreement was entered into in 2001 at $1,700 per month for five years with an additional four (5) year renewal extensions. The current rent is $3,355.10. No additional renewal extensions or addendums have been executed.
There are no Rights of First Refusal.
These are some particulars:
The Property address is: 45 Industrial Highway, Essington, PA, USA
Sealed Bid Deadline: May 15, 2025
Current Annual Rent: As of May, 2025 $75,435.84
Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer in Cooperation with Gordon J. Greene. PA R.E. Broker SB06560 PA Auctioneer AU003317E

4343 Lebanon Pike, Hermitage, TN 37076, United States

Attention wireless carriers and site acquisition companies. Cell At Auction LLC D/B/A Wireless Bridge Partners LLC offers the rooftop of The McKendree Retirement Home & Aged Care facility in Hermitage, TN. for antenna deployment. Located at 4343 Lebanon Pike, Hermitage, TN 37076, United States at the intersection of US 70W/Lebanon Pike. New ownership is now receptive to this opportunity as prior operators have rejected several offers. Longitude: 36.2066073 Latitude: -86.6122538. For more information call/text Bud Blinick at 847-977-2314 or go to cellatauction.com.

111-26 Corona Avenue, Corona, NY, USA

Contacts: Bud Blinick 847-977-2314

UNDER CONTRACT: Cell At Auction LLC is pleased to offer the opportunity to acquire  Verizon, T-Mobile and AT&T 99 year Site Lease easements in Corona, New York.  The property is across from Flushing Corona Park.  The Verizon lease was entered into October 6, 2019 and subsequently amended September 2020.  The rent commencement date was March 15, 2020 at an annual rent of $50,841.26 paid monthly with 3% annual increases.   The initial term was for five years with three (3) additional five year terms.  The current monthly rent is $6,103.85.   The T-Mobile lease commenced in 1996 as Omnipoint for 10 years with an additional three (3) five (5) year renewals.   The initial rent was $1,000 per month with 5% annual increases.  The amendments provided for some additional increases   The current monthly rent is $8,434.85.   The AT&T lease was entered into In October, 1995 at a monthly rent of $2,800.  The most recent fifth amendment was signed on September 6, 2019.   There has been a recent change in building ownership and the current lease has expired.   This provides an opportunity for the easement purchaser to negotiate the new terms with AT&T.   There have been 3% annual increases.   The current monthly rent is $5,722.55.   There are no ROFR’S.

The Property address is: 111-26 Corona Ave. Corona, NY 11368

Sealed Bid Deadline:  May 1, 2025

Current Annual Rent:    $241,264.56   

Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer in Cooperation with Israel Fisher, License New York Broker.   

11550 Bell Road, Lemont, Illinois, USA

Contacts: Bud Blinick 847-977-2314

CLOSED: Cell At Auction LLC is pleased to offer the opportunity to acquire a 99-year APC Tower Site Lease easement In Lemont, Illinois.   The initial option and ground lease agreement was entered into September 9, 2015 by and between Everest Academy of Lemont and APC Towers II LLC.    The easement portion of the property is comprised of approximately 50″ X 50″ sq. ft. of ground space together with easements for ingress and egress.  The easement purchaser must agree that this purchase must contain language that allows for the possibility that the access portion of the easement to be modified pending a redevelopment to the master plan of the entire site.  The first addendum had a start date of May, 2016 with a one-time payment of $175,000 for 120 months (10 years), which equated to $2,116.09 per month.   At the end of the initial 10 year term, the rent will commence at the rate of $2,316.09 per month.   The lease does not provide for any increases for the remaining term.   This is what the monthly rent will be through the end of the lease (May 6, 2043).   There is a Right of First Refusal.  In addition to the Rent, Leases shall pay Lessor twenty seven percent (27%) of the actual rent received for each additional Wireless Carriers or any other subtenant which sublease space at the site from Lessee.  

These are some particulars:

The Property address is: 11550 Bell Road, Lemont, IL

Sealed Bid Deadline:  November 22, 2024

Current Annual Rent:     $27,792 starting in May, 2026 at the end of the initial 10 year period .    

Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer

106 Wilmot Road, Deerfield, IL 60015, USA

Contacts: Bud Blinick 847 977-2314

Cell At Auction LLC announces that it has been retained by Walgreen Co. to offer for sale 54 Telecommunication Site License Agreements throughout the United Sates.  Walgreen Co. has determined that these assets, while generating a significant amount of recurring revenue are non-core assets and would be best owned and managed by a national company better positioned to enhance the valuation of these sites.  Many of these license agreements have or will soon be expired and require experienced and on-going management.   Several rents may be perceived to be at under market rents which present a new buyer the opportunity to negotiate new long-term higher rents.   The portfolio is currently generating in excess of $317,000 in annual revenue.

Licensed site tenants include Verizon, T-Mobile, AT&T, Dish, Boingo, Towerco, Crown Castle, and Vertical Bridge.   Information including access of all the license agreements can be found at Cellatauction.com after executing an NDA.   Bids are due in the format of an executable Letter of Intent by April 9, 2025.