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Kohl's 1240 Hickory Point Mall 92 500 pi² Commerce de détail Immeuble Forsyth, IL 62535 2 943 363 $ CAD (31,82 $ CAD/pi²) 7,50% Taux de capitalisation
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Faits saillants de 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 de l'annonce
Below Market Rent: Current rent is significantly below market rent paying a mere $1.76 PSF, offering substantial future upside.
Below Replacement Cost: At $23.50 /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.
Faits sur la propriété
Commodités
- Affichage
Durabilité
Durabilité
Certification LEED Établi par le U.S. Green Building Council (USGBC, Conseil américain du bâtiment durable), le programme de certification LEED (Leadership in Energy and Environmental Design) est axé sur la conception, la construction, l’exploitation et l’entretien de bâtiments, 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 réussite 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 pointage correspondant à un niveau de certification LEED: Platine (80 points et plus) Or (60 à 79 points) Silver (50-59 points) Certifié (40 à 49 points)
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 07-07-22-226-006 | Évaluation des bâtiments | 377 746 $ CAD |
| Évaluation du terrain | 560 695 $ CAD | Évaluation totale | 938 441 $ CAD |
Impôts fonciers
Présenté par
Kohl's | 1240 Hickory Point Mall
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