4999 AC of Agricultural Land NNN Investment

Vacant Land for Sale
Catylist Listing ID: 30776478
Property Subtypes: Agricultural, Other
Gross Land Area: 4,999 Acres
Sale Price: $15,000,000
Unit Price: $3,000 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 1/14/2022

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 $7,000.00/ 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.

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Additional Details

Nearest MSA: Lubbock
County: Cochran
Submarket Type: Other
Property Visibility: Excellent
Legal Description: Great potential. 62 Miles from Lubbock, TX. 90 Operating Water Wells. 23 Operating Pivots. Currently Farming: Organic Alfalfa, Peanuts, Triticale. Excellent Hunting Potential.
Largest Nearby Street: County Rd 57
Topography: Level
Easements: Other
Available Utilities: Electric
Water Service: Other
Sewer Type: Other

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