LandVest is pleased to present a rare land and solar investment opportunity located in Sturbridge, Massachusetts. The offering includes 47.55± acres of land located in the Special Use Zoning District, of 10.08± acres are currently leased for a 2.0± MW operational solar array. The net income, underlying land, and expansion potential of the property combine to form an excellent long-term, low-risk investment.
Leased Fee Ownership of 47.55± Acres, of which 10.08± currently leased for an income-generating ground-mounted solar array.
2.0± MW Operational Solar Energy System (Owned by Tenant)
20-year lease term with two 5-year extensions. COD June 30, 3016.
Rent is based on 2.0 MW output with a 2.0% annual escalation rate
First five years of income received by current landowner; income begins June 2021.
Tenant is responsible for real estate, associated personal property, and net-metering taxes on leased portions (10.08± acres) of the property.
Financial terms and additional information are available upon execution of the Seller's Confidential Disclosure, Release & Commission Agreement
Buyer is responsible for 3% commission payable to LandVest based on sale price, no outside commission offered