Construction should begin in 2026 for a 1,000-acre 220 MW solar farm. The estimated revenue from the solar will begin in 2026 at $540,000/year and will increase to $2,062,000/year by 2051. The east 320 acres is zoned I-3 and has a lease on 80 acres for $156,572/year with 3% escalator. Year 6 into a 30-year lease. At the end of the lease, Magellan can purchase 80 acres for $1.5mm. The balance of the 236 acres includes a United Power lease of roughly 28 there is a substation on this piece. This lease brings in $23,625 per year with an escalator on a 100-year lease. There is one irrigation well and one pivot on the 236 acres, part of this property is in the 100-year floodplain. This farm also gets the 2.5% UPRR override mineral payment. The west farm includes a decree for 617-acre feet of Denver Basin water that is approved for export off the farm. There is also a water loadout facility included in the sale. The seller will need to rent back 17-acre feet on a long-term basis. All oil, gas, and mineral rights shall transfer to Buyer.
