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27866534
27866541

7528 FM 717, Ranger, TX 76470

CM
0635496
McCullar Properties
Listed by McCullar Properties
$1,440,000
224 days on market
Updated 56 days ago

360 Acres Stephens County Texas Wind Turbine Income

Details
Property Type Land
Sub Type Farm, Hunting/Recreational (+1)
Broker Co-Op Yes
Acreage 360.000

360 Acres Stephens County, TX. 3 Wind Turbines 37 Year Lease

Marketing description

This property is part of the La Casa Wind Farm and will be generating Income. Contact Broker for more details.

All Wind Rights and Royalties Convey with acceptable offer.

Estimated payments from Turbines already installed:

Year 1-10 $4,000/Mgw = $11,280 x 3 = $33,840 annually ($2,820/month)

year 11-20 $4,500/Mgw = $12,690 x 3 =$38,070 annually (3,172.50/month)

Year 21-30 $5,500/Mgw = $15,510 x 3 = $46,530 annually ($3,877.50/month)

Year 31-37 $6,500/Mgw = $16,920 x 3 = $50,760 annually ($4,230/month)

Total for 35 years:

Commencement of Generation

years 3-10 = $270,720

years11-20 = $380,700

Years 21-30 = $465,300

years 31-37 = $355,320

From COG to end of documented lease term(including Extensions) $1,472,040

360 acre Ranch 10 miles North of Ranger, Texas in Stephens County. This is a great combination ranch with good grazing and great hunting. Cleared pastures on the West side with the perfect amount of improved grass, cultivation and native pasture. Beautiful native pasture on the East side with rolling hills and Ioni Creek that has deep 8 foot banks in some parts winding through Giant Hardwoods. This is your classic smaller Stock and Hunting Ranch. House is a 2-Bed 1-Bath home that was recently remodeled with new flooring, counter tops and paint. Several Great spots to build your dream home.

Size: 360-acre property located in Stephens County, Texas.

Features: Two water meters from Staff Water Supply and a recently remodeled 1295 square foot home and a good set of cattle pens.

Home: 1,295 Square Foot 2 Bed 1 Bath home and a good set of Cattle working pens.

Fencing: Exterior and interior fences are five and six strand barbed wire in Fair Condition.

Water Feature: Ioni Creek crosses the property on the East Side, characterized by deep and dense sections, flowing over shallow stony soil that eventually feeds into the Brazos River.

Stock Tanks: Four stock tanks that are a little dry at the time of this writing.

Trees: The Ranch is dotted with scattered giant Live Oaks and Mesquite. The eastern side of the ranch, adjacent to the creek, is covered with towering hardwood trees such as Live Oak, Pecan, Elm, Post oak, and Red oak.

Historical Touch: An old homestead along the creek adds intrigue, rumored to have been a hideout for Bonnie and Clyde.

Road Frontage: Half a mile of paved FM road frontage along FM 717.

Convenient Location: Ideally situated just 10 miles North of Interstate 20 and 10 miles South of Highway 180.

Terrain: Gently Rolling terrain that gets hilly along Ioni Creek providing stunning view to the West.

Pasture: 150 acres of native pasture with good native grass turf. 120 acres in cultivation, planted in Winter Wheat for grazing. Another 80 acres of Improved pasture North of the house.

Camp Site: an electric meter with 220 plug for a camper and a water tap just down from the South gate.

Taxes for 2024 : $1,631.25

This Ranch is offered at $4,000 per acre.

Contact Clay McCullar 325-665-4037

THE INFORMATION CONTAINED HEREIN IS BELIEVED TO BE TRUE AND CORRECT. HOWEVER, MCCULLAR PROPERTIES GROUP DOES NOT GIVE ANY WARRANTY FOR Its ACCURACY. PLEASE BE ADVISED THAT THIS REAL ESTATE AGENCY REPRESENTS THE SELLER.

Buyers Agent must be identified on first contact & must accompany buying prospect on all showings to be allowed full participation. If this condition is not met, fee participation will be at the sole discretion of MCCULLAR PROPERTIES GROUP. No trespassing. Sellers agent must be present for showings.

Investment highlights

Year 1-10 $4,000/Mgw = $11,280 x 3 = $33,840 annually ($2,820/month)

year 11-20 $4,500/Mgw = $12,690 x 3 =$38,070 annually (3,172.50/month)

Year 21-30 $5,500/Mgw = $15,510 x 3 = $46,530 annually ($3,877.50/month)

Year 31-37 $6,500/Mgw = $16,920 x 3 = $50,760 annually ($4,230/month)

Total for 35 years:

Commencement of Generation

years 3-10 = $270,720

years11-20 = $380,700

Years 21-30 = $465,300

years 31-37 = $355,320

From COG to end of documented lease term(including Extensions) $1,472,040

Listing Contacts

CM
0635496
McCullar Properties
Listed by McCullar Properties

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