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- LoopNet Team
544449 US Highway 1
Callahan, FL 32011
Brand New 20-Year Absolute NNN Leased Land · Land For Sale · 199.87 AC
Investment Highlights
- STABILIZED INVESTMENT OPPORTUNITY
- LOW MAINTENANCE ASSET
- GREAT LOCATION FOR THIS TYPE OF ASSET
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 199.87 AC |
| Property Subtype | Agricultural |
| Property Type | Land |
| Property Subtype | Agricultural |
| Total Lot Size | 199.87 AC |
Description
The tenant Agricycle Farm has been operating since 1994 and has continued to cash flow successfully over the years. At closing the tenant shall execute a new 20-year absolute NNN lease with 3% annual increases which creates an easily maintainable and steady cash-flowing asset. This asset is unique in that there are no actual buildings or structures, the lease is strictly for the ground which covers roughly 200 acres. The only expenses are liability insurance and property taxes, which are both fully passed through to the tenant, providing the owner with an easily manageable property with no out-of-pocket expenses.
PROPERTY TAXES
| Parcel Number | 06-2N-25-0000-0003-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $355,249 |
PROPERTY TAXES
zoning
| Zoning Code | OR (Agricultural) |
| OR (Agricultural) |
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