Description
INVESTORS HERE IS A CHANCE TO OWN A LARGER TRACT OF ACREAGE IN FANNIN COUNTY AND GET A YEARLY RETURN!! THIS 150 ACRES, CURRENTLY IN A SOLAR FARM LEASE, IN RURAL FANNIN COUNTY WITH COUNTY ROAD FRONTAGE ON 3 SIDES. CURRENTLY HAS A 33 YEAR SOLAR LEASE. THE SELLER IS OFFERING 5% OF THE LEASE TO BUYER ANNUALLY. AFTER THE LEASE HAS ENDED THE SOLAR COMPANY WILL RENEGOTIATE WITH BUYERS. THE LEASE STATES THAT IF THE LEASE IS EXPIRED AND NOT RENEWED THE COMPANY WILL RETURN THE LAND TO ITS PREVIOUS STATE. SELLER'S TAXES ARE SET AT HIS PREVIOUS AGRICULTURE RATE AND THE COMPANY PAYS THE INCREASED COMMERCIAL RATE. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION(CURRENT YEARS LEASE PAYOUT WAS @$500 AN ACRE ,LEASE FLUCTUATES)
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0BEDS
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150ACRES
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0BATHS
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01/2 BATHS
Description
INVESTORS HERE IS A CHANCE TO OWN A LARGER TRACT OF ACREAGE IN FANNIN COUNTY AND GET A YEARLY RETURN!! THIS 150 ACRES, CURRENTLY IN A SOLAR FARM LEASE, IN RURAL FANNIN COUNTY WITH COUNTY ROAD FRONTAGE ON 3 SIDES. CURRENTLY HAS A 33 YEAR SOLAR LEASE. THE SELLER IS OFFERING 5% OF THE LEASE TO BUYER ANNUALLY. AFTER THE LEASE HAS ENDED THE SOLAR COMPANY WILL RENEGOTIATE WITH BUYERS. THE LEASE STATES THAT IF THE LEASE IS EXPIRED AND NOT RENEWED THE COMPANY WILL RETURN THE LAND TO ITS PREVIOUS STATE. SELLER'S TAXES ARE SET AT HIS PREVIOUS AGRICULTURE RATE AND THE COMPANY PAYS THE INCREASED COMMERCIAL RATE. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION(CURRENT YEARS LEASE PAYOUT WAS @$500 AN ACRE ,LEASE FLUCTUATES)
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