http://www.landreport.com/2009/06/for-sale-30-acre-napa-valley-vineyard/ The Magazine of the American Landowner Sat, 28 Aug 2010 01:58:05 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://www.landreport.com/2009/06/for-sale-30-acre-napa-valley-vineyard/comment-page-1/#comment-447 James Betzer Mon, 22 Jun 2009 21:40:44 +0000 http://www.landreport.com/?p=1807#comment-447 "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. “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.

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