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$ 36,500,000
Est. payment | /mo
3,201 Sqft Lot
$ 36,500,000
Est. payment | /mo
3,201 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Farm
Listing Status Active
Purchase Type For Sale
MLS Listing ID 653829
HOA Y/N No
Year Built 2012
Lot Size 3,201 Sqft
Property Sub-Type Farm
Property Description
Reported 2,458.51 net planted acres of wine grape vineyards. Another 453.27 acres are contained within open areas where vineyards were recently removed to provide set-aside land for water purposes with 3.10 acres in three reservoir sites, 7.55 acres in four farmsteads, 9.90 acres in yard areas, 10.40 acres in two solar sites and 258.97 acres in supporting farm roads, well sites and periphery. Irrigation is provided by 20 wells with supplemental water from the Eastside Bypass and the Ash Slough. A portion of the property is also eligible to receive Chowchilla Water District supplies during wet years. However, the strength of this property is that it is currently under an attractive long-term lease agreement to a high quality tenant with a termination date of December 31,2036. Rent is based on a payable size of 2,457.20 acres, leaving additional acreage fallow for water set-aside. The lease provides a generous income to the property owner that results in a nearly 10% rate of return! It is perfect for investors or local growers looking to expand while making passive income. See attached brochure for more information.NNN Leased Commercial Wine Grape Vineyard offering 9-10% IRR. 3,200 acre wine grape ranch under long-term, recently extended 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 paddock, couple of 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
Exterior
Utilities Available Phone Connected
Private Pool No
Building
Lot Description Rural, Total Parcel Only
Sewer Septic Tank
Water Well, District Water Avail, Seasonal Creek
Additional Building Residence, Rental House, Mobile Home, Barn(s), Workshop, Shed(s)
Schools
Elementary Schools Chowchilla Schools
Middle Schools Wilson
High Schools Chowchilla
Listed by Randy H Edwards ELT Ranch Properties, Inc.
NEARBY SCHOOL & BUSINESS