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Friar Tuck Beverages Ground Lease

1085 U.S. 51, Forsyth, IL, USA Map

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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

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  • 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.

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap and Limon Net Lease Group

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