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1085 US-51
Forsyth, IL 62535
Friar Tuck Beverage · Retail Property For Sale
Executive Summary
NNN Ground Lease Structure: Tenant is responsible for property taxes*, insurance, maintenance. *Landlord responsible for $24,596 in annual property taxes; tenant reimburses all amounts in excess.
Long-Standing Tenant History: Friar Tuck has operated at this location since 2013 and has exercised multiple renewal options, demonstrating commitment to the site.
Strong Location & Visibility: Positioned along US Highway 51 (approx. 27,400 vehicles per day) and near Interstate 72 (13,500 VPD), providing strong traffic exposure.
Large Lot Size & Full Frontage: The property sits on 1.65 acres with full frontage along US Highway 51, offering strong visibility and flexibility for a wide range of retail users.
Strong Competitive Position: Friar Tuck operates seven locations across Illinois and Missouri and is the only liquor store within the city, providing a strong competitive position and limited competition.
Retail-Anchored Surroundings: Located as an outparcel to Hickory Point Mall with major tenants (Von Maur, Kohl’s, Hobby Lobby, Ross, Ulta, etc.) and surrounded by retailers like Lowe’s, Menards, Best Buy, PetSmart, Panda Express, Chick Fil-A, Texas Roadhouse, McDonald’s.
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.
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.
Long-Standing Tenant History: Friar Tuck has operated at this location since 2013 and has exercised multiple renewal options, demonstrating commitment to the site.
Strong Location & Visibility: Positioned along US Highway 51 (approx. 27,400 vehicles per day) and near Interstate 72 (13,500 VPD), providing strong traffic exposure.
Large Lot Size & Full Frontage: The property sits on 1.65 acres with full frontage along US Highway 51, offering strong visibility and flexibility for a wide range of retail users.
Strong Competitive Position: Friar Tuck operates seven locations across Illinois and Missouri and is the only liquor store within the city, providing a strong competitive position and limited competition.
Retail-Anchored Surroundings: Located as an outparcel to Hickory Point Mall with major tenants (Von Maur, Kohl’s, Hobby Lobby, Ross, Ulta, etc.) and surrounded by retailers like Lowe’s, Menards, Best Buy, PetSmart, Panda Express, Chick Fil-A, Texas Roadhouse, McDonald’s.
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,586 SF
Building Class
C
Year Built
1990
Price
$1,911,012
Price Per SF
$122.61
Cap Rate
8.50%
NOI
$162,436
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.65 AC
Zoning
MUNICIPAL - Commercial
Parking
68 Spaces (4.36 Spaces per 1,000 SF Leased)
Frontage
500’ on US 51
Amenities
- Signage
Property Taxes
| Parcel Number | 07-07-22-227-004 | Improvements Assessment | $286,991 |
| Land Assessment | $132,600 | Total Assessment | $419,591 |
Property Taxes
Parcel Number
07-07-22-227-004
Land Assessment
$132,600
Improvements Assessment
$286,991
Total Assessment
$419,591
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