Description
This SOLAR FARM offers the stability and passive income characteristics of a traditional NNN investment, but at a significantly lower entry price with an attractive yield than national-credit retail properties. This investment opportunity features a 17.55-acre solar energy system ground lease and easement, delivering a stable and predictable income stream. Currently in its 3rd year, the lease generates $12,657 annually as of 2026, with built-in 1% annual rent escalations to ensure consistent growth over time. The initial lease term runs through December 31, 2048, with renewal options that further enhance long-term income security. By the final year of the initial term, annual rent is projected to reach approximately $15,750, illustrating the value of steady contractual increases. Annual property taxes on the 17.55 acres are $1,894.20 and paid by the Tenant. The 17.55-acre solar farm is part of a larger tract and will need to be subdivided and new survey is required. The house is also available for sale. Additional 50-acres+/- also available.
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0BEDS
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17.55ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This SOLAR FARM offers the stability and passive income characteristics of a traditional NNN investment, but at a significantly lower entry price with an attractive yield than national-credit retail properties. This investment opportunity features a 17.55-acre solar energy system ground lease and easement, delivering a stable and predictable income stream. Currently in its 3rd year, the lease generates $12,657 annually as of 2026, with built-in 1% annual rent escalations to ensure consistent growth over time. The initial lease term runs through December 31, 2048, with renewal options that further enhance long-term income security. By the final year of the initial term, annual rent is projected to reach approximately $15,750, illustrating the value of steady contractual increases. Annual property taxes on the 17.55 acres are $1,894.20 and paid by the Tenant. The 17.55-acre solar farm is part of a larger tract and will need to be subdivided and new survey is required. The house is also available for sale. Additional 50-acres+/- also available.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed. Neither The Realtor Association of Greater Pee Dee, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by The Realtor Association of Greater Pee Dee for use by its members and is not intended for the use for any other purpose.