20303 Road 4, Chowchilla, CA 93610
- $37,500,000
- List Price
- $37,500,000
- Price Change
- ▼ $2,500,000 1780526960
- Status
- ACTIVE
- MLS#
- SN26036436
- Lot Size
- 139,466,052
- Acres
- 3201.70
- Lot Location
- Agricultural
- Days on Market
- 160
- Property Type
- Land
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.
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Additional Information
- Land Lease
- Yes
- Land Lease Amount
- $3939924
- View
- Vineyard
- Water
- Agricultural Well, Private, Well
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Randy Edwards (randy@eltappraisers.com) from Listing Office: Edwards, Lien & Toso, Inc..
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