SOLD - Stewart Quarter Horse & Cattle Ranch | Fay Ranches

ST E W A R T Q UA R TER HOR S E & C AT T LE RANCH Tuthill, South Dakota $4,650,000 | 4,368± Acres

Stewart Quarter Horse & Cattle Ranch | Tuthill, South Dakota

INTRODUCTION The Stewart Quarter Horse & Cattle Ranch is the classic working cattle and horse ranch situated in southwestern South Dakota in the productive and scenic Sandhills ecoregion where the grasslands remain virtually unaltered since early settlement in the 1900’s. This diverse pastoral 4,368± acre ranch has been run primarily as a cow/calf unit historically running 450-500 pairs with ample feed base provided by 2 center pivots and sub-irrigated hay meadows. The Stewart Ranch rests upon the Ogallala Aquifer and enjoys abundant water resources with lakes, creeks and shallow wells throughout. The improvements feature a new, state-of-the-art 100 x 250 Behlen equestrian facility with 3,360 square feet of custom living quarters in addition to the original 3-bedroom ranch house, bunkhouse, horse barn, 2 Quonsets, calving barn, pole barn and chicken house.

The bulk of the ranch lies south and east of the headquarters which opens up into expansive rolling hills and draws with the terrain being marked by native prairie grasses and yucca plants. Many species of migratory birds including Canadian geese, ducks, Sandhill cranes and swans inhabit the lakes and ponds within the boundaries of the ranch and share the habitat with whitetail and mule deer, antelope, sharptail grouse and pheasants.

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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LOCATION Stewart Quarter Horse & Cattle Ranch is situated in southwestern South Dakota, 63 miles south of Kadoka, South Dakota, gateway to the South Dakota badlands, via Highway 248, Highway 18 and 11 miles of County Road. Kadoka, South Dakota offers many amenities including health services, K-12 school system, grocery store, motels, restaurants, gas stations, retail stores, a nine hole golf course, a city park with outdoor pool, lighted baseball and softball fields, auditorium and rodeo grounds. Kadoka is just a little over an hour to Rapid City, where the Sandhills and Ogallala Aquifer begin and due east of LaCreek National Wildlife Refuge. Martin, South Dakota is 45 minutes from the Stewart Ranch situated on U.S. Highway 18, 130 miles southeast of Rapid City. Surrounded by the tall sandhill prairie grasses, the South Dakota heartland town of Martin boasts a population of 1,100 and is a service center to a market area of approximately 8,000. Martin is the Bennett County seat and offers K-12, grocery store, library, movie theatre, fitness center with indoor pool, golf course, retail stores, motels, gas stations, health services, churches, restaurants, and much more.

AIRPORT SERVICES The Rapid City Regional Airport is located 156 miles northwest of the Stewart Ranch and is serviced by American, United, Allegiant and Delta airlines and offers non-stop flights to Denver, Salt Lake City, Dallas-Fort Worth, Mesa, Chicago, Minneapolis and Las Vegas.

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Stewart Quarter Horse & Cattle Ranch | Tuthill, South Dakota

ACREAGE The Stewart Ranch is comprised of 4,368± contiguous deeded acres with the exception of 80± acres located within 1/2 mile northwest of the ranch headquarters. The pastures are cross-fenced for rotational grazing throughout the growing season consistent with good range management practices. Winter protection provided by thick shelter belts lined with cedar trees which makes for an excellent windbreak. Productive native sandhill grasses include big bluestem, sandhill bluestem, brome grass and prairie sandgrass along with wild-rye.

4,368± Acres Consists of: • 3,444± acres pasture / grazing • 693± acres of hay ground • Sub-irrigated yields 2 – 2.5 ton/acre • Dryland Alfalfa yields 3 – 4 ton/acre • 196± acres irrigated • 35± acres building site www.fayranches.com | (800) 238.8616 | info@fayranches.com

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Stewart Quarter Horse & Cattle Ranch | Tuthill, South Dakota

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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WATER SOURCES | WATER RIGHTS The Stewart Ranch is well-watered with 19 wells located throughout the ranch in addition to dugouts, dams and creeks. There are 15 strategically-placed wells providing livestock water via windmills and a solar system and 2 wells located at the headquarters providing domestic and livestock water for the homes and corral system. There are 2 additional private wells used for irrigation purposes which cover approximately 196± irrigated acres under Zimmatic pivots each supplied by a separate well (water permits transfer with sale). One irrigation system is powered by electricity and the other by diesel engine. The past couple years Sudan Grass was raised in the irrigated fields and then grazed off after harvest.

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Stewart Quarter Horse & Cattle Ranch | Tuthill, South Dakota

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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IMPROVEMENTS Indoor Arena After many years of training horses and careful thought, the Stewarts constructed a 100 x 250 foot custom Behlen indoor arena. The facility is large enough to host large equestrian events with the arena being 100 x 185 feet with three overhead access doors perfect for that equine enthusiast. The indoor arena can be utilized for roping, barrel racing, cutting and reining and also features a 32 x 100 foot area for warm up, tack and garage with an electronic overhead door and water hydrant installed on the north end of the barn.

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Stewart Quarter Horse & Cattle Ranch | Tuthill, South Dakota

Executive Living Quarters The south end of the facility hosts a 3,360 square foot living quarters with an open floor plan with custom Douglas fir log beams and large windows provide natural lighting and warmth. The large kitchen features hand-honed beautiful cedar cabinets and solid-surface countertops. A warm and inviting master suite features a walk-in closet and master bathroom, with jetted tub, separate shower, 2 sinks and in-floor heating. In addition, there are 2 non-conforming bedrooms, an office/bedroom and guest bathroom. The living quarters has an interior entrance through the arena into an oversized porch/washroom. Very few equine facilities of this caliber are ever offered for sale in this area. www.fayranches.com | (800) 238.8616 | info@fayranches.com

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Manager’s Residence • • • •

1,856 square foot original ranch house with three bedrooms, two bathrooms Wood burning stove Steel roof and siding Open floor plan

Bunkhouse • 440 square feet with one bedroom, one bathroom

Support Buildings / Work Facilities • • • • • •

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30 x 60 Shop 26 x 28 Horse Barn 40 x 80 Quonset 26 x 42 Calving Barn 26 x 48 Pole Barn Steel pipe corrals and alleys

Stewart Quarter Horse & Cattle Ranch | Tuthill, South Dakota

MINERAL RIGHTS All mineral rights appurtenant to the property and owned by the Seller will convey to the Buyer at closing. Mineral rights are not guaranteed. It is suggested that the Buyer conduct a mineral search with a title company.

CONSERVATION | STEWARDSHIP Each of us at Fay Ranches has a love of the land and a desire to see it remain as productive agricultural ground as well as quality fish and wildlife habitat. Through promoting the use of thoughtful land stewardship, Fay Ranches has guided owners toward a legacy of conserving wide open spaces, enhancing and creating fisheries and wildlife habitat and implementing sustainable agricultural operations. Fay Ranches is proud to say that since our company began in 1992, the landscape on which we work has been significantly enhanced by the conservation ethic and land use practices of our clients. www.fayranches.com | (800) 238.8616 | info@fayranches.com

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QUICK FACTS • • • • • • • • • •

3,444± grazing acres 693± acres hay ground 196± acres under pivot 16 livestock wells, 2 irrigation wells Two Zimmatic irrigation pivots (196± Acres) Equestrian facility with executive living quarters Owner-rated stocking rate of 450 – 500 cow/calf pairs 3 bedroom manager’s home and bunk house 2 calving barns, quonset, horse barn Ranch is priced at $9,789 per AUM. {475 aum avg.} Stewart Quarter Horse & Cattle Ranch | Tuthill, South Dakota 12

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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Stewart Quarter Horse & Cattle Ranch | Tuthill, South Dakota e | City, State

SUMMARY For the past 30 years the Stewart Quarter Horse & Cattle Ranch has served as a classic working cattle and horse ranch, primarily ran as a cow/calf unit consistently running 450-500 pairs. There’s exceptional water throughout provided via the Ogallala Aquifer, lakes and creeks. A rotational grazing system has been implemented and made possible with an ample feed base of native prairie grasses. Center pivots and sub-irrigated hay meadows provide the necessary supplemental winter feed.

Living accommodations feature a new Behlen indoor arena with custom executive living quarters and also offers an older 3 bedroom home for a ranch manager or an additional family.. For the equestrian enthusiast, the first class indoor riding arena (insulated and lighted) is second to none. The headquarters also include quonsets, a shop, calving barn, horse barn and other support facilities. Many species of migratory birds including Canadian geese, ducks, Sandhill cranes share the habitat with whitetail and mule deer, antelope, sharp tail grouse, and pheasants.

Situated in southwestern South Dakota where the Sandhill Soils and Ogallala Aquifer begin, this lifestyle offering is awaits for your arrival!

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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PRICE $4,650,000

TERMS Cash, Conventional Financing, 1031 Tax Exchange

CONTACT Please call Mike Konstant at (605) 641-0094 or email mkonstant@fayranches.com to schedule a showing. This is an exclusive listing. An agent from Fay Ranches must be present at all showings, unless otherwise noted or other arrangements are made. To view other properties, fly fishing properties, and sporting ranches that we have listed, please visit our web page at www.fayranches.com.

NOTICE Offer is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classification, carrying capacities, maps, etc., is intended only as a general guideline and has been provided by the owners and other sources deemed reliable, but the accuracy cannot be guaranteed. Prospective purchasers are encouraged to research the information to their own satisfaction.

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Stewart Quarter Horse & Cattle Ranch | Tuthill, South Dakota

www.fayranches.com | (800) 238.8616 | info@fayranches.com

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FENCE & BOUNDARY DISCLOSURE The seller is making known to all potential purchasers that there may be variations between the deeded property lines and the location of the existing fence boundary lines on the subject property. Seller makes no warranties with regard to location of the fence lines in relationship to the deeded property lines, nor does the seller make any warranties or representations with regard to specific acreage within the fenced property lines. Seller is selling the property in an As Is condition which includes the location of the fences as they exist.

Boundaries shown on accompanying maps are approximate based on the legal description and may not indicate a survey. Maps are not to scale and are for visual aid only. Their accuracy is not guaranteed.

1031 EXCHANGE DISCLOSURE Buyers hereby acknowledge that Seller has the option to qualify this transaction as part of a tax deferred exchange under section 1031 of the Internal Revenue Code. Buyers agree that Seller may assign its rights and obligations under this agreement to a qualified intermediary as necessary to facilitate the exchange.

Buyer agrees to cooperate with the Seller and the qualified intermediary in order to complete the exchange, which will neither delay the closing nor cause additional expense or liability to the Buyer.

RELATIONSHIPS IN REAL ESTATE DISCLOSURE Buyer Notice: The South Dakota “Real Estate Relationship Disclosure” form is attached for all buyers to review and sign prior to showings. Broker hereby notifies prospective buyers that Fay Ranches, Inc,. Brokers and Agents represent the Sellers.

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Stewart Quarter Horse & Cattle Ranch | Tuthill, South Dakota

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MIKE KONSTANT designated broker Licensed in: SD, WY, MT c. 605-641-0094 mkonstant@fayranches.com

FAY RANCHES INC. (800) 238.8616 info@fayranches.com www.fayranches.com