20303 Road 4, Chowchilla, CA 93610
20303 Road 4, Chowchilla, CA 93610
20303 Road 4, Chowchilla, CA 93610
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$37,500,000
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3,201.7 Acres Lot
Price Dropped by $2.5M

20303 Road 4 Chowchilla, CA 93610

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN26036436

HOA Y/N No

Land Lease Amount 3939924.0

Lot Size 3201.700 Acres

Property Description

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.

Location

State CA

County Madera

Zoning AE-40

Interior

Fireplace No

Exterior

Community Features Stable(s), Valley

View Y/N Yes

View Vineyard

Building

Lot Description Agricultural

Water Agricultural Well, Private, Well

New Construction No

Others

Senior Community No

Tax ID 020160016

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Randy Edwards Edwards, Lien & Toso, Inc. 559-871-2264, DRE #01424270

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20303 Road 4

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Herb Rim

Herb Rim

Realtor | License ID: 01870707

+1(818) 699-9179

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