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/year. The owner pays for the property taxes of approximately $8,000/year. There is a possibility for additional income by leasing the hunting rights by about $25,000/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. The property is located West of Lubbock, TX, approximately 62 miles.
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Courtesy of: Team Juan Uribe Listing information provided courtesy of the Greater El Paso Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 19th October, 2021 2:56 AM