15000 River RdAlva, FL 33920

Property Details for 15000 River Rd

Lot size

7.00 AC

Property type

Agricultural properties

Property subtype

Other land

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.

Location Insight

City

Alva

County

Lee

State

Florida

Latitude

26.7324

Longitude

-81.7123

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].