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994 U.S. 51 11,350 SF Retail Building Forsyth, IL 62535 $3,209,834 CAD ($282.80 CAD/SF) 7.25% Cap Rate

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Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,350 SF
Building Class
C
Year Built
2024
Price
$3,209,834 CAD
Price Per SF
$282.80 CAD
Cap Rate
7.25%
NOI
$232,740 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.49 AC
Zoning
MUNICIPAL
Frontage
137’ on U.S. 51

Amenities

  • Signage
  • Wheelchair Accessible
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Five Below began in October 2002 when founders Tom Vellios and David Schlessinger opened the first store in Wayne, Pennsylvania. The company focuses on providing a wide range of products across categories like tech accessories, home goods, sporting goods, toys, and candy. Five Below's business model centers around extreme value pricing, with most items between $1-$5. The retailer has expanded significantly since its founding and now maintains a substantial presence across many states while continuing to target young customers with its affordable merchandise selection.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -

Nearby Major Retailers

Texas Roadhouse
Red Lobster
O'Charley's
Buffalo Wild Wings
Steak ‘n Shake
Mcalister's Deli
Cracker Barrel Old Country Store

Property Taxes

Property Taxes

Parcel Number
07-07-14-351-006
Land Assessment
$599,614 CAD
Improvements Assessment
$255,830 CAD
Total Assessment
$855,444 CAD
  • Listing ID: 36080136

  • Date on Market: 2025-06-02

  • Last Updated:

  • Address: 994 U.S. 51, Forsyth, IL 62535

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