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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