5% Cap rate irrigated farmland in Southeast Terry County TX. Net leased actual income is $20,222 annually. Tenant will sign 5 year agreement or negotiate share rental agreement. 160 Acre center pivot irrigated cotton farm. Other area crops produced are peanuts, grain sorghum, livestock, hay and grapes. County road frontage on two sides, Bird hunting in fall. Other hunting possible for hogs or mule deer limited season. Shallow water zone yields above average 600 GPM to quarter mile center pivot.
Kelly Keesee RE/MAX Lubbock