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Grocery Store

Friar Tuck Beverages Ground Lease

1085 US-51, Forsyth, IL 62535

Listing Price: $3,117,200

Cap Rate
8.00%
Tenant Name
Friar Tuck Beverages
Years Remaining On Lease
4.2
Guarantor
Limited Corporate Guarantee
Rentable SF
15,586
Lease Type
Ground Lease
Rent Per Square Feet
$12.00

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.

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, and 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

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Grocery Store

Friar Tuck Beverages Ground Lease

Listing Price: $3,117,200

Cap Rate
8.00%
Tenant Name
Friar Tuck Beverages
Years Remaining On Lease
4.2
Guarantor
Limited Corporate Guarantee
Rentable SF
15,586
Lease Type
Ground Lease
Rent Per Square Feet
$12.00

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, and 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.

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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