97240 E 96th Ave, Fort Morgan, CO 80701

Property Description

CRP INCOME: Property is enrolled in the Conservation Reserve Program expiring 9/30/2030. Owner is receiving $20,306.00 annual cash rent however it could be withdrawn for farming or grazing by paying a penalty of approximately $113,000.00. PASTURE INCOME Pasture & Hunting Lease Rent: Annuol cosh leose rent of S13,305.00 consisting of grozing cosh lease rent of $I3.00 per ocre on 295 ocres ond hunling cosh leose renl of $5.00 per ocre on 1,894 ocres. WIND RENT: The Property is leased to NextEra Energy thru 9/21/30 for the potential of commercial wind towers at an annual lease payment year 1-5 is $3.00/acre or $5,760 and years 6-8 is $5.00/acre or $9,600.00 per year. If developed, potentially one tower per 160+/- acres paying $15,000 per year. Development of the project would allow for the CRP program, farming or grazing to continue. WATER: Stock well 289177 located in the NW4SW4 of section 22 drilled in August of 2014 is 40 feet deep and producing good stock water. Domestioc /stock well 335857 in NE4NE4 of Section 22 drilled September of 2024 is 40 feet deep test pumped 10 gpm. IMPROVEMENTS: Completer perimeter fence (3 miles new) and some cross fence around pasture portion. 1 older and 1 new stock /dometic well with cement bottom tank and solar panel and a 40' x 70' round top quonset with cement floor. 2-10,000 bushel grain bins with cement cones. MINERALS: Property includes 100% minerals on section 22 pending on offer. TAXES: 2025 taxes are $4,507 or $2.40 per acre. NOTE: The information contained herein is reliable but not guaranteed by Seller or Broker. This offer is Subject to error, prior sale or withdrawal. Broker is a Transaction (neutral) Broker.