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Shopping Strip

Neil Plaza

1260 US-51, Forsyth, IL 62535

Listing Price: $1,979,000

Cap Rate
6.50%
Rentable SF
7,180
Lot Size
0.93 acres
Year Built
2015

Investment Overview

Marcus & Millichap is pleased to exclusively present for your acquisition review Neil Plaza located in Forsyth, Illinois. The 7,180 square foot center was built in 2015 on .93 acres of land across the street from the main entrance to Hickory Point Mall. The newer construction offers no deferred maintenance and landlord friendly leases giving the landlord minimal responsibilities. A strong mix of nationally recognizable retailers at the fully occupied building call the center home, including Penn Station who just exercised their first option, T-Mobile, Red Wing and SportClips. Neil Plaza has excellent visibility on US-51 which has over 26,200 vehicles per day on this major north/south thoroughfare in the Decatur-Forsyth market. The center is also less than one-half mile from Interstate 72 which connects the city to Champaign and Springfield. Forsyth has an average household income of $72,973 within one mile of the property, and over 42,000 people living within five miles of the center. The Plaza sits right across the street from the Hickory Point Mall, which is home to T.J. Maxx, American Eagle, Ross Dress for Less, Kohl’s, Von Maur, and Hobby Lobby among many other traffic drivers. Other retailers and businesses in the immediate vicinity include Best Buy, PetSmart, Dollar Tree, Menards, Texas Roadhouse, McDonald’s, Aspen Dental and Lowe’s.

Investment Highlights

  • 7,180 sf Multitenant Retail Center | 100% Occupied
  • Strong Mix of Nationally Recognized Tenants | Penn Station, SportClips, Red Wing Shoes & T-Mobile
  • All Tenants on NNN Leases | Minimal Landlord Responsibilities | 2015 Construction | Zero Deferred Maintenance
  • Right Across the Street From the Hickory Point Mall | T.J. Maxx, American Eagle, Ross Dress for Less, Kohl's, Von Maur, Hobby Lobby & many more
  • Other Nearby Traffic Drivers Include: Dollar Tree, PetSmart, Best Buy, Texas Roadhouse, Lowe's, & Menards among others
  • 26,200 Vehicles Per Day on US-51 | Half-Mile from Interstate Exit
  • 42,000+ People within 5-Mile| Average Household Income of $78,221 within 1-Mile

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Listing Price: $1,979,000

Cap Rate
6.50%
Rentable SF
7,180
Lot Size
0.93 acres
Year Built
2015

Investment Highlights

  • 7,180 sf Multitenant Retail Center | 100% Occupied
  • Strong Mix of Nationally Recognized Tenants | Penn Station, SportClips, Red Wing Shoes & T-Mobile
  • All Tenants on NNN Leases | Minimal Landlord Responsibilities | 2015 Construction | Zero Deferred Maintenance
  • Right Across the Street From the Hickory Point Mall | T.J. Maxx, American Eagle, Ross Dress for Less, Kohl's, Von Maur, Hobby Lobby & many more
  • Other Nearby Traffic Drivers Include: Dollar Tree, PetSmart, Best Buy, Texas Roadhouse, Lowe's, & Menards among others
  • 26,200 Vehicles Per Day on US-51 | Half-Mile from Interstate Exit
  • 42,000+ People within 5-Mile| Average Household Income of $78,221 within 1-Mile

Investment Overview

Marcus & Millichap is pleased to exclusively present for your acquisition review Neil Plaza located in Forsyth, Illinois. The 7,180 square foot center was built in 2015 on .93 acres of land across the street from the main entrance to Hickory Point Mall. The newer construction offers no deferred maintenance and landlord friendly leases giving the landlord minimal responsibilities. A strong mix of nationally recognizable retailers at the fully occupied building call the center home, including Penn Station who just exercised their first option, T-Mobile, Red Wing and SportClips. Neil Plaza has excellent visibility on US-51 which has over 26,200 vehicles per day on this major north/south thoroughfare in the Decatur-Forsyth market. The center is also less than one-half mile from Interstate 72 which connects the city to Champaign and Springfield. Forsyth has an average household income of $72,973 within one mile of the property, and over 42,000 people living within five miles of the center. The Plaza sits right across the street from the Hickory Point Mall, which is home to T.J. Maxx, American Eagle, Ross Dress for Less, Kohl’s, Von Maur, and Hobby Lobby among many other traffic drivers. Other retailers and businesses in the immediate vicinity include Best Buy, PetSmart, Dollar Tree, Menards, Texas Roadhouse, McDonald’s, Aspen Dental and Lowe’s.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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