offered for sale
TLMLAND LLC An Agricultural Investment Opportunity 3,360± Acres • Phillips and Lee County, Arkansas
offered by
AGRICULTURE | RECRE ATION | TIMBERL AND Traditional Brokerage + Sealed Bids + Consulting LICENSED IN ARKANSAS, LOUISIANA, MISSISSIPPI, AND TENNESSEE
DISCLOSURE STATEMENT Lile Real Estate, Inc. is the listing agency for the owner of the property described within this offering brochure. A representative of Lile Real Estate, Inc. must be present to conduct a showing. The management of Lile Real Estate, Inc. respectfully requests that interested parties contact us in advance to schedule a proper showing and do not attempt to tour or trespass on the property on their own. Thank you for your cooperation. Some images shown within this offering brochure are used for representative purposes and may not have been taken on location at the subject property. This offering is subject to errors, omissions, change or withdrawal without notice. All information provided herein is intended as a general guideline and has been provided by sources deemed reliable, but the accuracy of which we cannot guarantee.
VICINITY MAP
SUBJECT PROPERTY
TRACT #3
PROPERTY SUMMARY Description:
The TLMLAND Investment Farm consists of approximately 3,360± total acres located in Phillips and Lee County, Arkansas, along the Arkansas State Highway 49 corridor between Marvell & Helena. The total offering has 3,001± tillable acres, and consists of three (3) non-contiguous farm clusters. All three tracts are in close proximity to each other which make this a unique opportunity to acquire a large acreage footprint in the same geographic area with one producer. Since 2020, the majority of the farm has had extensive land leveling and irrigation improvements completed making it a turnkey investment grade farm. Approximately 2,090± acres are furrow irrigated, 581± acres are irrigated by pivots, and 330± acres are non-irrigated. The farms are predominately light soils and have historically been planted in cotton with some rice, corn, wheat, and soybeans rotated in as well. In this offering brochure we will refer to the west farm as the Headquarters Farm, south farm as Old Little Rock Road Farm, and the east farm as the La Grange Farm. The Headquarters Farm consists of 1,549± total acres resting just north of the community of Marvell in three non-contiguous tracts. There are 1,276± tillable acres, of which 1,087± acres are irrigated by seventeen (17) wells, which are further detailed on the irrigation map included in this offering brochure. Approximately 793± acres are furrow irrigated, and 294± acres are irrigated by pivots. This core tract is bisected by Arkansas State Highway 243 which provides excellent access. The west tract has good access from Phillips County Road 137 and the east tract has access Phillips County Road 263. The Old Little Rock Road Farm consists of 552± total acres located southeast of the community of Marvell in three non-contiguous tracts. The tillable acreage consists of 538± acres, all of which are furrow irrigated by ten (10) wells, except for 13± acres. The irrigation map included in this offering brochure provides additional details. This core tract has frontage and is accessible from both Phillips County Roads 350 & 357; while the northeast tract is easily accessible from Phillips County Road 350 and the southeast tract from Phillips County Road 336. The La Grange Farm consists of 1,260± total acres located to the east of the community of La Grange in two non-contiguous tracts. There are 1,187± tillable acres, of which 1,058± are irrigated by eleven (11) wells. Approximately 771± acres are furrow irrigated, and 287± acres are irrigated by pivots. The irrigation map included in this offering brochure provides additional details. The core tract has frontage and access from both Lee County Road 233, and Phillips County Road 210. The western tract is bisected by Phillips County Road 240 which provides good access to both parcels.
PROPERTY SUMMARY Location:
Phillips and Lee County; East Central Region of Arkansas Mileage Charge Brinkley, AR Memphis, TN Lake Village, AR Greenville, MS Little Rock, AR
51 Miles 70 Miles 80 Miles 95 Miles 118 Miles
Acreage:
3,360± • Headquarters Farm: 1,549± acres (1,276± tillable acres) • Old Little Rock Road Farm: 552± acres (538± tillable acres) • La Grange Farm: 1,260± total acres (1,187± tillable acres)
Access:
Access to all tracts is considered good. • Headquarters Farm: Phillips County Road 137 and 263 • Old Little Rock Road Farm: Phillips County Roads 350, 336, and 357 • La Grange Farm: Phillips County Road 210, 233, and 240
Real Estate Taxes:
Below are the estimated real estate taxes for each farm. Estimated taxes are based on assessor information and can vary. A breakdown of each farm’s estimated taxes can be found in the Estimated Real Estate Taxes Breakdown section of this brochure. Some parcels listed are no longer under the current ownership and are marked with an asterisk. • Headquarters Farm: $12,304.28 (based on 1,505.30± acres) • Old Little Rock Road Farm: $5,375.11 (based on 675.17± acres) • La Grange Farm: $9,571.67 (based on 1,102.88± acres)
Mineral Rights:
All mineral rights owned by the Seller, if any, shall convey to the Buyer.
Farm Bases:
Farm Service Agency (FSA) 156EZ documents and field maps can be found in the separate documents provided.
Offering Price:
$22,852,615.00 *Seller will entertain competitive offers on any of the three (3) individual clusters of farms. Contact listing agents for more details.
Any questions concerning this offering or to schedule a property tour should be directed to Gar Lile or Gardner Lile of Lile Real Estate, Inc. Gar Lile 501-920-7015 | glile@lilerealestate.com Gardner Lile
LO C AT I O N M A P
AERIAL MAP
LaGrange
Headquarters Farm
Old Little Rock Road
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TOPOGRAPHY MAP: LA GRANGE
SOIL MAP: LA GRANGE
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*The final acreage and boundaries will be determined by a new survey. The tax parcel information provided is intended to provide prospective buyers with a general idea of real estate taxes annually.
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*The final acreage and boundaries will be determined by a new survey. The tax parcel information provided is intended to provide prospective buyers with a general ideas of real estate taxes annually.
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*The final acreage and boundaries will be determined by a new survey. The tax parcel information provided is intended to provide prospective buyers with a general idea of real estate taxes annually.
IMAGES: OLD LITTLE ROCK ROAD
401 Autumn Road | Little Rock, AR 72211 501.374.3411 (office) | 501.421.0031 (fax)
info@lilerealestate.com | www.lilerealestate.com
AGRICULTURE | RECRE ATION | TIMBERL AND Traditional Brokerage + Sealed Bids + Consulting LICENSED IN ARKANSAS, LOUISIANA, MISSISSIPPI, AND TENNESSEE