| Title | TN Benton Hicks | ||||||
| Site Development Status | Off Market | ||||||
| Lease or Sale | Lease Only | ||||||
| Site Available (Acres) | 60.0 | ||||||
| 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 60 acre energy storage development site for lease in Benton County, TN. The property sits next to a 161 KV substation in the Tennessee Valley Authority Electrical Grid Network. Ownership has agreed to a 40-year ground lease. The property sits within an Energy Community as it is located near the recently retired Johnsonville Power Plant. TVA would support future developement of an energy storage site as they have recently committed to developing 5.000 MW of renewable energy throughout their network. Please contact Lane.Sharman@opendoors.com to obtain an exclusive right to negotiate a Lease. | ||||||
| Latitude | 35.879577 | ||||||
| Longitude | -88.159739 | ||||||
| Infrastructure Mapping Information, Open Doors | https://www.arcgis.com/home/webmap/viewer.html?webmap=f928f314504444d8a2d459fc40d2cc07&find=-88.159739,35.879577 | ||||||
| Site Image |  | ||||||
| KMZ File | TN Benton Hicks Parcel (only).kmz | ||||||
| Term Sheet | https://docs.google.com/document/d/e/2PACX-1vSCpdtp7XwfjbJjHcnOIeZL0dupvPpHiO9uPwuqwYS7kn3q2mCqYYr07WalHup8MgQbNzZh_WBeV_wt/pub | ||||||
| County | Benton | ||||||
| State | TN | ||||||
| Legal Owner | Hicks James Matthew Etux Courtney & Hicks James Matthew Etux Courtney Lean | 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/6/16?embed&hidetop&embedEntry&rmlc=u40oFA7cG88fr20240315212734ozquantum%2Freal-estate%2F6 | ||||||
| Local Utility | Tennessee Valley Authority (TVA) | ||||||
| Interconnection Brief | - Single line 161KV substation owned and operated by Tennessee Valley Authority -161KV substation is a drop point for transmission running from Johnsonville Power Plant and western Tennessee -Substation interconnects via a three line tap north of the property | ||||||
| Owner & Site Brief | 12-5-2023 Owner terminated management agreement with Open Doors. 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 -Southern portion of the property is wooded and in flood zone -Owner has easement to substation | ||||||
| Site Analytics | floodrisk.PNG | ||||||
| Listing Sequence Number | 16 | ||||||
Site Characteristics | |||||||
| Type | Notes | Map URL | Image | File | Characteristic SeqNbr | ||
| Queue Analysis | Consult this queue prior to any final land acquisition decision. | https://www.arcgis.com/home/webmap/viewer.html?webmap=f928f314504444d8A2d459fc40d2cc07&find=, | 00621 | ||||