For Sale: 30-Acre Napa Valley Vineyard
June 1, 2009 by Grant Gannon
Tired of some sommelier always offering overpriced vino? Think you could churn out a choice wine using your own grapes? Then what’s stopping you?
This 30-acre Napa Valley vineyard is all about the dirt . Jocelyne Monello of Heritage Sotheby’s International Realty has it listed for $6.9 million.
Almost all of the property is dedicated to grape growing. It also has a 2,400-square-foot aging building, a 5,200-square-foot outdoor work pad, and a 1,000-square-foot residence on the premises. Better yet, it already has an approved permit for a 100,000-gallon winery.
At $6.9 million, the property is a solid investment in itself. The current owner has a triple net lease that brings in $300,000 a year.
Remember, you may not be able to direct films like Francis Ford Coppola, but at least you could try to make wine like him.
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“At $6.9 million, the property is a solid investment in itself. The current owner has a triple net lease that brings in $300,000 a year.”
Solid investment? I don’t have any sales information but quick math will tell you thats about a 4.5% Cap. With a NNN lease in this market you better look at sub $5M before this land transitions from a hobby buy to an investor buy.