| Title | Alabama Limestone County Energy Storage Site | ||||||
| Site Development Status | Available | ||||||
| Lease or Sale | Lease Only | ||||||
| Site Available (Acres) | 43.0 | ||||||
| Lease Rate, Year 1 | $5,000 | Annual Escalator | 2% | ||||
| Sales Price | Per Acre or Site | Per Acre | |||||
| Summary | Open Doors Management is pleased to present a 43 acre energy storage development site for lease in Limestone County, AL. The property sits next to a 500 KV substation in the Tennessee Valley Authority Electrical Grid Network. Ownership has agreed to a 40-year ground lease. The City of Madison would like to see the built out of this site for commercial use, and the TVA would support future development of an energy storage site as they have recently committed to developing 5.000 MW of renewable energy throughout their network. The first year lease is $215,000. Please contact Lane.Sharman@opendoors.com to obtain an exclusive right to negotiate a Lease. | ||||||
| Latitude | 34.718961 | ||||||
| Longitude | -86.846389 | ||||||
| Infrastructure Mapping Information, Open Doors | https://www.arcgis.com/home/webmap/viewer.html?webmap=f928f314504444d8a2d459fc40d2cc07&find=-86.846389,34.718961 | ||||||
| Site Image |  | ||||||
| KMZ File | AL Limestone Energy Storage Site.kmz | ||||||
| Term Sheet | https://docs.google.com/document/d/e/2PACX-1vTcMUqAULq6yGkG1a6zLmzO5egRjd7jlJ3epJ_7GMe2J9w7HGDNSsdYrEw3CUUw6aNZ_CfmtqMrpB0R/pub | ||||||
| County | Limestone | ||||||
| State | AL | ||||||
| Legal Owner | Lily Landholdings | DO NOT CONTACT | |||||
For Information | Lane Sharman +1-858-342-1415 lane.sharman@opendoors.com | ||||||
| Energy Community? | |||||||
| Assignment | Lane Sharman | ||||||
| Listing URL | https://www.ragic.com/ozquantum/real-estate/6/14?embed&hidetop&embedEntry&rmlc=P7Wl22b2AwDKr20240212045330ozquantum%2Freal-estate%2F6 | ||||||
| Local Utility | Tennessee Valley Authority (TVA) | ||||||
| Interconnection Brief | - 500kv + 161KV substation owned and operated by Tennessee Valley Authority - 6 power lines consisting of: Two 500kv lines and Four 161kv lines - Receives and distributes power from Browns Ferry Nuclear Plant. | ||||||
| Owner & Site Brief | Single Party Owner with 40 Year pre-negotiated Lease as Follows: -3 Year Development Phase -30 Year Base Term with Two 5 Year Extentions -2% Annual Rent Increase -Tenant to pay NNN | ||||||
| Development Brief | -Land is currently zoned for agricultural use -City of Madison Is interested in converting area to commercial industrial use | ||||||
| Site Analytics | Limestone BD floodhzd.PNG | ||||||
| Listing Sequence Number | 14 | ||||||
Site Characteristics | |||||||
| Type | Notes | Map URL | Image | File | Characteristic SeqNbr | ||