Land For Sale - Long Term Solar Farm Lease

64801 & 64851 Dillon Road, Desert Hot Springs, CA

$549,000

Price

2.32%

Cap Rate

$12,719.01

NOI

Overview
Cap Rate
2.32%
NOI
$12,719.01
Lot Area
14.44 acres
Description

14.44 acres of land located on major thoroughfare Dillon Road in Desert Hot Springs currently leased long term to a subsidiary of ConEdison for the generation and distribution of energy through a solar photovoltaic system. Cost to entitle, permit and improve the land and Dillon Road was incurred by Tenant and adds significant value to the land. All utilities, water, street improvements, curb, gutter, and landscaping existing and maintained by Tenant.

Tenant pays all taxes and insurance directly.

Fantastic opportunity to land bank while passively earning income. Long term, annual increases, and tenant is owned by Consolidated Edison, Inc. Con Edison is one of the largest investor-owned energy companies in the United States, with approximately $12 billion in annual revenues as of 2017, and over $48 billion in assets.[2] The company provides a wide range of energy-related products and services to its customers through its subsidiaries primarily based on the East Coast.

14.44 acres of land located on major thoroughfare Dillon Road in Desert Hot Springs currently leased long term to a subsidiary of ConEdison for the generation and distribution of energy through a solar photovoltaic system. Cost to entitle, permit and improve the land and Dillon Road incurred by Tenant. All utilities, water, street improvements, curb, gutter, and landscaping existing and maintained by Tenant.

Tenant pays all taxes and insurance directly.

Fantastic opportunity to land bank while passively earning income. Long term, annual increases, and tenant is owned by Consolidated Edison, Inc. Con Edison is one of the largest investor-owned energy companies in the United States, with approximately $12 billion in annual revenues as of 2017, and over $48 billion in assets.[2] The company provides a wide range of energy-related products and services to its customers through its subsidiaries primarily based on the East Coast.

SEC/TWN/RNG/MER:SEC 11 TWN 03SENF 04E 14.44 Acres M/L in POR SE 1/4 OF SEC 11 T3S R4E

Highlights
  • Long term lease
  • Utilities
  • Curb and Gutter
  • Street Fully Improved
  • Annual increases
  • Stable passive income
  • Landbank
  • Financially strong Tenant
Documents

Location
Gallery