Upon the payment or tender of money which the applicant deems reasonable compensation for the right, privilege, and easement to erect a public warehouse on a railroad right of way, the applicant immediately shall be entitled to erect, absolutely and unconditionally, the applicant’s warehouse or elevator on such right of way for the time specified in the application made by the applicant and shall become invested immediately with the said right, privilege, and easement. The person, firm, corporation, or limited liability company owning, leasing, or operating said railway at such station or siding immediately shall render the applicant the same service the applicant would be entitled to had the said person, firm, corporation, or limited liability company sold or leased said site to the applicant.