42. Easements – the right to use someone else’s property for something can be quite valuable.
Examples include billboard ground leases, cell phone tower leases, and the right to place solar panels on top of a large warehouse.
Leases can be monetized in one lump sump payment by selling an easement to the user or a 3rd party company. There are investors that do nothing but buy easements from land owners, offering them one lump sum right now for the right to receive all the lease payments from the tenant (e.g. cell phone company) in the future.