544449 US Highway 1
Callahan, FL 32011
Composting Facility Sale Leaseback · Land For Sale · 177.99 AC

The tenant Agricycle Farm has been operating since 1994 and has continued to cash flow successfully over the years. At closing the tenant shall execute a new 20-year absolute NNN lease with 3% annual increases which creates an easily maintainable and steady cash-flowing asset. This asset is unique in that there are no actual buildings or structures, the lease is strictly for the ground which covers roughly 200 acres. The only expenses are liability insurance and property taxes, which are both fully passed through to the tenant, providing the owner with an easily manageable property with no out-of-pocket expenses.