Friar Tuck Beverages Ground Lease
1085 U.S. 51, Forsyth, IL, USA Map
Listing Price $3,117,200
| Status | Active |
| Lease Type | Ground Lease |
| Property Type | Retail |
| CAP Rate | 6% |
| GLA (Sq. Ft.) | 15,586 |
| NOI | $187,032 |
| Lease Term Remaining | 4.5 Years |
| State (BOR) | IL |
| Broker of Record | Steven Weinstock |
| License # (BOR) | 471.011175 |
Investment Highlights
- Robust Traffic Counts on Highway 51 (24,600
VPD) and a Half Mile off of Interstate 72 (13,000
VPD) (Source: LandVision, CoStar, IDOT, 2022) - Well Established Retail Corridor Surrounding the
Hickory Point Mall | Nearby National Retailers
Include: Hobby Lobby, Kohl’s, Lowe’s, Staples,
PetSmart, Applebee’s, Buffalo Wild Wings,
McDonald’s, Holiday Inn, and Many Others - Affluent Community with an Average Household
Income of Over $144,000 within One Mile of
the Subject Asset, as of 2022 - Parks and Outdoor Recreational Facilities
Nearby Include: Scoville Zoo, Hickory Point
Golf Course, Village Park, Forsyth Park, Bois Du
Sangamon Nature Preserve, Decatur Lake, and
More - Subject is Four Miles from Downtown Decatur
with a Metropolitan Statistical Area Population
of 110,000
Investment Overview
Subject is a Prime 15,586 Square-Foot Friar Tuck Beverages on a 1.64-Acre Out-Parcel at Hickory Point Mall and Possesses Ample Parking, Easy Ingress/Egress and is Strategically Located on a Signalized Intersection. Ground Lease with Over Four Years Remaining and Zero Landlord Responsibility.
