20303 Road 4, Chowchilla, CA 93610
List Price: $37.5M
Listing Status: Active
Original List Price: $40M
0Days on Market: 105
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 139,466,052 sq ft
MLS Number: SN26036436
About This Property
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.
Listing provided by: Randy Edwards DRE #01424270 209-634-9484 randy@eltappraisers.com, Edwards, Lien & Toso, Inc.
Source: CRMLS, MLS #: SN26036436
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.