Land Area: 480 Acres
This is an excellent farm and rangeland combo property with 320± total acres. There are 140± acres under pivot irrigation and 51± drycrop acres. This parcel is located in the Tri-Basin N.R.D. and has no water restrictions. The combination of water and excellent soils make this a highly productive farm. There is 3 phase power on the pivot irrigation system as well as underground pipe connecting to the pivot points.
The rangeland consists of 121± acres with 5 wire high tensile fencing with fiber glass posts and steel corners. There is a small pond that provides water for livestock, and Boxelder Creek traverses through 1/2 a mile of the rangeland. Numerous trees run along the creek creating a perfect habitat for various wildlife including white tail deer, quail, pheasant, and wild turkey.
The lease payment is half May 1st and the remaining due December 1st of each year.
NOTE: The Seller retains first right of refusal to repurchase at appraised value when and if Buyer agrees to sell.
Cash Lease Income/ROI
Income/ROI: Owner will enter into a triple net lease back.
$38,000.00 Crop & Pasture Rent
11,000.00 Real Estate Taxes
1,500.00 Pivot Maintenance
$52,000.00 Cash Lease Net Income
4% R.O.I. net Tenant will pay all expenses.
Range/Dry Creek Bottom:121.20±
Pivot Irrigated: 140.00±
Wildlife & Roads: 7.00±
1 Valley 8000 8 Tower Pivot, pump, gearheads and electric motor.
Legal Description: 18 5 23 NW 1/4; NE 1/4 18-5-23
Estimated Taxes: $11,000
Address: Holbrook, NE 68948
Gosper County Pivot and Range - Holbrook, NE, USA
Gosper County Pivot and Range- Holbrook, NE, USA