Sale Leaseback Question / Recreational Business on Land
Not a real estate banker/investor by trade but have a situation that I'm trying to figure out. Imagine you own forested land with a recreational business in use on it, is there a way to separate the land and the business to maximize the value?
60,000 acres, mostly all forested, land comps at $1,500/acre
Recreational business on the property (ATVs, camping, food/beverage) generating ~$10M annual revenue
Timber, oil/gas, carbon offset credits generating ~$5M annual revenue
~$6M in total operating income
Understand the fundamentals of a sale leaseback and that some theme parks have done this or looked into it (Cedar Fair and Six Flags), but this seems different and at a much smaller scale. Any thoughts/ideas would be greatly appreciated!
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