4999 AC of Agricultural Land NNN Investment

Farm/Ranch for Sale
Catylist Listing ID: 30763221
Property Subtypes: Ranch, Other
Gross Land Area: 4,999 Acres
Sale Price: $15,000,000
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 10/23/2021

Overview / Comments

This is a NNN investment, this expansive 5,000 acre farm is currently leased on a 7 year lease with 5 years left with NNN terms. The current tenant pays $850,000.00/ year. The owner pays for the property taxes of approximately $8,000.00/ year. There is a possibility for additional income by leasing the hunting rights by about $25,000.00/ year. The property has 23 pivots that are functioning and in use on approximately 3,700 acres of the total farm land. There are 90 operating wells out of 100 total wells on site. There are no oil rights.

Additional Details

Nearest MSA: Lubbock
County: Cochran
Submarket Type: Other
Tax ID/APN: 16758
Zoning: RF
Property Located Between: County Rd 57
Property Visibility: Excellent
Area Description: Please see Legal Description saved under documents
Lot Frontage: 21,405
Topography: Level
Soil Type: Other
Water Service: Other
Sewer Type: Other
Available Utilities: Electric, Water
Easements: Other

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