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$ 40,000,000
Est. payment | /mo
3,201.7 Acres Lot
$ 40,000,000
Est. payment | /mo
3,201.7 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN26036436
HOA Y/N No
Land Lease Amount 3939924.0
Lot Size 3201.700 Acres
Property Description
NNN Leased Commercial Wine Grape Vineyard offering 9-10% IRR. ±3,200 acre wine grape ranch under long-term CASH RENT lease to high quality, large-scale grower/winemaker tenant. Lease runs to the end of 2036 with tenant option to renew for five subsequent one year renewals. Thus, lease could extend through the end of 2041. The lease is contracted at $3,939,924 ($1,260/contracted acre) cash rent for 2025 with escalators of 2.5% annually. Sale is improved with two stick-built homes (3,649 SF & 2,797 SF), four mobile homes, horse stable, couple pole sheds, fuel depot and other ancillary structures. Irrigation water is supplied by twenty (20) on-site irrigation wells with surface water from the Eastside Bypass & Ash Slough when available. In addition, 209.90 acres are in the Chowchilla Water District as a subordinate user. All planted acreage is irrigated via drip system.
Location
State CA
County Madera
Zoning AE-40
Interior
Fireplace No
Exterior
Community Features Stable(s), Valley
View Y/N Yes
View Vineyard
Building
Lot Description Agricultural
Water Agricultural Well, Private, Well
New Construction No
Others
Senior Community No
Tax ID 020160008
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Randy Edwards Edwards, Lien & Toso, Inc. 559-871-2264, DRE #01424270
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