15000 River Rd Alva, FL 33920

Property Details for 15000 River Rd

Lot size

7.00 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents 7+/- acres of agricultural land in Alva, Florida, zoned Ag-2. Ideally situated near Babcock Ranch and a major new residential development, this property offers significant upside potential. Currently, a net-net-net (NNN) land lease generates $60,000 annually, with a 3% annual escalation clause. Furthermore, a compelling proposal exists for a cell tower lease, offering a projected first-year income of $18,000, also subject to a 2% annual escalation. The proposed cell tower lease is for 40 years, starting at $1,500 per month with a $500 increase per additional tower tenant. The total potential lease value for the cell tower is approximately $2 million. The buyer has the option to pursue this lucrative cell tower lease opportunity. No commitments have been made regarding the cell tower lease. The property's current lease has a remaining term of 15 years, expiring November 30, 2029. The combined projected net operating income (NOI) is $78,000, resulting in a pro-forma capitalization rate of 8.20%. The asking price is $950,000, translating to approximately $141,000 per acre. This property presents a rare blend of established income and significant future growth potential. The existing NNN lease provides immediate cash flow, while the cell tower lease proposal offers substantial long-term value appreciation. This is a unique opportunity for investors seeking a strong return on investment in a rapidly developing area.