. Fifty year lease @ $1000/mo
Your friend is getting shafted.
Not really, but that was considered getting a good lease/month when I leased them out 10+ years ago. I remember having to pay over 2k/month to some farmer up 49 because he had the land that we really needed. 50 year lease is really good though, most carriers didn't want to offer over 20 years.
Savvy owners get tons of extra signing bonus' and more cash by holding the carriers to exact terms. Meaning that when everyone had to upgrade to 3G (also the e911 service) they got paid because technically it was outside the lease agreement.
There is a tower at E Boyd and Burbank that was over 3k a month if I remember right. The other one on the big water tower at Lee/Highland wasn't as much, but BR Water got paid because we had agreement for all their sites.