001 County Rd 57

Description:

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.