16774 HINTON DR, TRUCKEE, CA 96161

EXECUTIVE SUMMARY

Amazing opportunity to purchase 243 acres of pristine foreest land outside of Truckee, CA. Located just off the 80 Freeway on the way to Lake Tahoe. Income consists of 10 years remaining on Rock Quarry Lease to large infrastructure and site development

DESCRIPTION

One of most interesting properties for sale in California with lots of income potential. Currently property has County approved right to remove 17,000,000 tons of Aggregate. Large infrastructure/site development contractor and a construction materials producer has 10 years remaining on their lease. Lease permits them to remove up to 1 Million tons/yr. at $1/ton paid to land owner. Tenant pays minimum of $100,000/yr and are planning to expand operations as one of their main sources of aggregate. Additional income potential comes from existing Cell Tower that will be paying 40% of gross income starting in 2032. Seller estimates starting income to be approximately $80k/yr. The permitted spring facility can produce up to 12,000 gallons of delicious water per hour. The new owner could lease these rights to a bottling company. Even at 3 cents per gallon, if bottling company removed 40 loads per week of 7,000 gallons, that would produce net income to the owner of over $400,000/year. Not to mention getting to own 230 acres of prestine forest land just off the 80 freeway on the way to Lake Tahoe.