Search Land - Hazelnut Orchard | Guaranteed Return
Hazelnut Orchard | Guaranteed Return
$3,990,000
30416 Stellmacher Drive Southwest, Albany, OR
Status: Active
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Property Type
Acreage
Home
Home with Acreage
Ranch
Acreage
126 acres
County
Linn, OR
Format
Sale
Features
Electricity
Home
Irrigated
Orchard
River
Water Rights
Water Well
Work Shop
List Date
Apr 11, 2024
Documents
N/A
Description
The GreenGold Orchard represents an opportunity to acquire a fully leased orchard with a guaranteed return. This 126+ acre farm is planted to 121+ acres of Lewis varietal and Clark varietal hazelnuts on premier, river-bottom soils that are highly productive. The farm boasts excellent water rights from the Willamette River and adjacent slough with 131 acres of primary water rights and 109 acres of supplemental water rights. This combination of highly productive soils and ample water makes for a healthy, high-yielding orchard.
Located, just outside of Albany, Oregon, the GreenGold is professionally managed by one of the largest orchard operators in Oregon. A long-term lease is in place and property owners are compensated by a guaranteed return of 5.25% base rent, plus a share of the crop proceeds and rental income from the residential dwelling. There is an underlying, assumable debt instrument at an attractive 4.38% fixed interest rate.
Additional improvements include a 2457 square foot custom residence aesthetically placed on the property. There is also approximately 24,000 square feet of agricultural and support buildings.
This represents an excellent diversification investment in an stable asset class that enjoys long-term appreciation. In general, good, irrigated farmland is diminishing commodity and in a world where population growth places an ever-growing premium on sources of sustainable protein. Investments of this nature have proven to be effective shields against inflation. Hazelnuts orchards are low-impact on the land and provide environmental benefits. A well-tended orchard can be productive for 80 to 100 years and world demand for these premium nuts continues to grow at a steady rate.