Subject property consists of 97.47 acres of which 29.2655 acres is an operating solar facility. The remaining 68.2 acres has approximately 15 acres producing hay with the balance being wooded, and has a 1-acre pond. The solar lease began in 2017. The lease originated in June, 2017 with an initial term of 15 years with 5 5-year renewal options. If all renewals are exercised the lease ends in June of 2057. The lease rate is $2,059.86 /month and has a 2% annual escalation rate.
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