Mathis, TX 78368 - San Patricio County

OVERVIEW

605.08 acres of level, productive farmland located in San Patricio County, Texas. This easy to get to farm, near Mathis, Texas, is less than a 30-minute drive north of Corpus Christi, Texas. The farm, located within the Mathis school district, has visibility from IH-37 and access on three sides by State Highway 359, CR 26 and CR 17.

In addition to crop lease income, the new owner will receive wind royalty income from a wind energy lease associated with two wind turbines on the property. The wind energy lease, in the 7th year of a 45-year term, extends to 2062.

The Farm is currently an agricultural property in a transition area just east of IH 37 and the community of Mathis. The property has excellent development potential for rural subdivision or other alternative use.

PROPERTY HIGHLIGHTS

- 605.08 acres, level (elevation 157' - 160'). Property is out of the 100-year floodplain.

- Wind Lease Revenue - Two wind turbines located on the property. Farm leased to Pacific Wind Development LLC (in 7 th year of 45-year lease).

- Farm Lease Revenue - Farm leased to local tenant farmer, cash basis year to year.

- Hunting for seasonal upland game birds such as doves.

- Mineral Rights: All rights owned by Seller will convey to Buyer.

- Wind, Solar Water Rights: All rights owned by Seller will convey to Buyer.

- Soils include Victoria clay & Raymondville clay loam, mostly uniform. From an agriculture standpoint, these soils are very productive for crops.

- Pivot Irrigation, ~360 acres (59.5%); Dryland Row Crop farmland ~245 acres (40.5%).

- One Gulf Coast Aquifer high-capacity irrigation well, 600' deep with 12" casing. Equipped with angle-drive turbine pump set at +300'.

- Pump powered by 250 hp John Deere diesel engine.

- Lindsay Zimmatic 13-tower galvanized center pivot sprinkler irrigates ~360 acres. System equipped with drop-down hoses for water conservation and efficiency. (2,548.17 hours, 10/16/24).

EASEMENTS / ENCUMBRANCES / UTILITIES

- Wind Energy Lease, Pacific Wind Development LLC.

- Property is bisected by two wooden pole electric lines; electricity along the perimeter roads.

- Pole and meter along the north property line, just south of State Highway 359.

- Two Harvest pipelines.

- No rural community water.

PROPERTY MAP / ACCESS

The Property is located approximately 2.0 miles northeast of Mathis, Texas just east of Interstate 37 in San Patricio County, Texas. Paved road frontage on three sides - along the SES of State Highway 359, the SWS of CR 26, and the NWS of CR 17. Interior roads include field drives and all-weather roads extending to the wind turbines.