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Kohl's 1240 Hickory Point Mall Local commercial 8 594 m² À vendre Forsyth, IL 62535 1 898 314 € (220,90 €/m²) Taux de capitalisation 7,25 %
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- 92,500 SF single-tenant Kohl’s department store located within Hickory Point Mall, the primary regional retail hub serving the Decatur market.
- Kohl’s has operated at this location since 1982, demonstrating long-term commitment to the trade area.
- Located along U.S. Route 51, a major north–south corridor with approximately 17,600 vehicles per day.
- Absolute NNN ground lease structure provides zero landlord responsibilities.
- Lease includes contractual 10% rent increases every five years, offering built-in inflation protection.
- Situated less than one-half mile from the Route 51 / Interstate 72 interchange, providing strong regional accessibility.
Résumé analytique
Below Market Rent: Current rent is significantly below market rent paying a mere $1.76 PSF, offering substantial future upside.
Below Replacement Cost: At $24.31/SF, the acquisition price is significantly below replacement cost, offering strong upside and yield potential.
Hedge Against Inflation: The lease provides for 10% rent increases every five years. The next scheduled bump is in 3.5 years, which will adjust the cap rate to approximately 8.8%.
New Area Developments: Forsyth, IL is experiencing sustained commercial expansion. New developments such as Panda Express’ recently delivered outparcel and Chick-fil-A’s planned redevelopment of the former Applebee’s pad along U.S. Hwy 51 demonstrate strong tenant demand within the corridor. The area continues to attract national retailers including Starbucks, Five Below, Dollar General, Taco Bell, and Menards, reinforcing its position as a growing retail hub.
Prime Lodging Hub: There are approximately 13 hotels in the city, making this the premier retail and hospitality node for the entire Decatur metro area, making it one of the strongest commercial trade areas in Central Illinois.
Strategic Location: Kohl’s is located within Hickory Point Mall, the primary retail hub for Decatur, IL and the communities between Champaign and Springfield. The mall fronts US Route 51, a major north–south corridor with over 17,600 VPD, providing direct access to Downtown Decatur and to Bloomington. It also sits just a half-mile from the Route 51/Interstate 72 interchange, offering strong regional connectivity.
Strong Regional Employers: Major employers in the area include Archer Daniels Midland, Caterpillar, Decatur Memorial Hospital, Decatur Public Schools, HSHS St. Mary’s Hospital, and Ameren Illinois.
Informations sur l’immeuble
Caractéristiques
- Signalisation
Durabilité
Durabilité
Certification LEED Établi par l’U.S. Green Building Council (USGBC, Conseil américain de l’immeuble durable), le programme de certification LEED (Leadership in Energy and Environmental Design) est axé sur la conception, la construction, l’exploitation et la maintenance d’immeubles, de maisons et de quartiers écologiques. Sa vocation est d’aider les propriétaires et les exploitants à adopter des pratiques écoresponsables et à utiliser les ressources de façon efficace. La certification LEED est un symbole mondialement reconnu de réalisation et de leadership en matière de développement durable. Pour obtenir la certification LEED, un projet doit obtenir des points en respectant des conditions préalables et un barème de crédits qui tiennent compte des émissions de carbone, de l’énergie, de l’eau, des déchets, du transport, des matériaux, de la santé et de la qualité de l’environnement intérieur. Les projets passent par un processus de vérification et d’évaluation et reçoivent un score correspondant à un niveau de certification LEED : Platine (80 points et plus) Or (60 à 79 points) Argent (50 à 59 points) Certifié (40 à 49 points)
Principaux commerces à proximité
Taxes foncières
| Numéro de parcelle | 07-07-22-226-006 | Évaluation des aménagements | 235 498 € |
| Évaluation du terrain | 349 554 € | Évaluation totale | 585 052 € |
Taxes foncières
Présenté par
Kohl's | 1240 Hickory Point Mall
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