offered for sale

LOOSAHATCHIE RESERVEA timberland and recreational investment opportunity

430 (+/-) total acres • Shelby County, Tennessee

L i c e n s e d i n A r k a n s a s , L o u i s i a n a , M i s s i s s i p p i , Te n n e s s e e , a n d Te x a s

offered by

DISCLOSURE STATEMENTLile 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 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 intend-ed as a general guideline and has been provided by sources deemed reliable, but the accuracy of which we cannot guarantee.

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Subject Property

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Description: Loosahatchie Reserve is located in Shelby County, TN along the banks of the Loosahatchie River and boasts over 2.25 miles of river frontage. The Mississippi River is only 7 miles west of the property and 6 miles north-west of downtown Millington, and a short drive from anywhere in Mem-phis. The property is comprised of 430 (+/-) contiguous acres (according to the Shelby county tax Assesors office) offering a very diverse habitat and consisting of mature hardwood trees, various willows and cypress in the sloughs and a mixed species of river bottom timber. The property is well suited for hunting ducks, deer, turkey, dove and small game. The roads are well kept and graded for unencumbered travel throughout the property, with a portion of the property being partially controlled flooded.

This property offers year-round recreational opportunities in a beautiful and peaceful setting being so convenient to greater Memphis residents.

Location: Millington, TN; Shelby County

Mileage Chart Distance Charles Baker Airport 2 miles Shelby Forest 5 miles Downtown Millington, TN 6 miles Downtown Bartlett, TN 6 miles Downtown Memphis, TN 10 miles Lakeland, TN 12 miles Germantown, TN 14 miles

Access: Access is excellent via Fite Road and a purchased easement chat driveway leading onto the property.

Acreage: 430 (+/-) Total Acres (Shelby County tax assessor)

Acreage Breakdown: - 400 (+/-) acres (95%) in woodlands and sloughs - 30 (+/-) acres (5%) duck/deer/turkey food plots. This year, food

plots consist of soy beans, wheat, Japanese millet, clover and chufa. - There are also 2 power line fields that are owned by TVA and City of Memphis that are allowed access and ability to plant in food plots. - 110 (+/-) acres (25%) are flooded via re-lifting water out of the river.

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Improvements: The property is already developed for hunting and is ready to enjoy. Four duck blinds are ready to hunt with up to 4 hunters per blind. The

blinds are all strategically placed in tree lines and well concealed. Two new elevated luxury deer blinds(The Antler Shed brand) that can

hunt up to two hunters per blind and one ladder stand. New 3 cylinder Deutsch diesel power unit and 10 inch re-lift that will flood

the duck hunting grounds in 7-10 days from the constant water source in the Loosahatchie river.

There are three 24 inch flash board riser boxes to manage flood water. There are two steel bridges for easy access over ditches and unencumbered

travel.

Recreation: The property offers deer, duck, turkey, dove and small game hunting and all the enjoyment of Loosahatchie river on the property.

Real Estate Taxes: 2016 taxes $4,892.00

Mineral Rights: No minerals owned by Seller.

Offering Price: $1,075,000.00 | $2,500.00 per acre

Contact: Any questions concerning this offering or to schedule a property tour should be directed to Hunter Ziegler (mobile: 901-351-5296 | office: 901-260-4580) of Lile Real Estate, Inc.

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State: TennesseeShelbyCounty:35° 15' 41.86, -89° 57' 44.38Location:

Township: Millington

Date: 11/7/2016

Soils data provided by USDA and NRCS.

Soils Map

Area Symbol: TN157, Soil Area Version: 11Code Soil

DescriptionAcres Percent

of fieldNon­IrrClassLegend

Non­IrrClass*c

Bahiagrass Commonbermudagrass

Corn

Cottonlint

Grassclover

Grasslegumehay

Improvedbermudagrass

Rice

Soybeans Tallfescue

Tobacco Wheat

Wv Waverly siltloam, 0 to 2percentslopes,occasionallyflooded, longduration

452.96 95.2% IIIw 70 550 8 30 9

W Water 12.01 2.5%

GaB Grenada siltloam, 2 to 5percentslopes

4.30 0.9% IIe 75 600 4 8 35 7.5 2550

Ca Calloway siltloam, 0 to 2percentslopes

2.04 0.4% IIe 2.6 90 700 9 38 8.5 35

MeB Memphis siltloam, 2 to 5percentslopes

1.71 0.4% IIe 3 95 800 10 40 8.5 45

Fm Falaya siltloam

1.61 0.3% IIw 7.5 7 100 750 40 9 35

He Henry siltloam

0.78 0.2% IIIw 5.5 70 625 6 100 35 30

GaC3 Grenada siltloam, 5 to 8percentslopes,severelyeroded

0.25 0.1% IVe 2.6 5.5

Weighted Average *­ 0.1 68.5 538.6 *­ *­ 7.8 0.2 29.4 8.7 23.1 0.5

Area Symbol: TN157, Soil Area Version: 11

*c: Using Capabilities Class Dominant Condition Aggregation Method

Soils data provided by USDA and NRCS.

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NOTES

L i c e n s e d i n A r k a n s a s , L o u i s i a n a , M i s s i s s i p p i , Te n n e s s e e , a n d Te x a s

LILE REAL ESTATE, INC.

info@lilerealestate.comwww.lilerealestate.com

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