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Central Illinois Urgent Care 1325 Koester Dr 4,856 SF Retail Building Forsyth, IL 62535 $1,065,000 ($219.32/SF) 7.75% Cap Rate
Investment Highlights
- Brand-New Roof | Replaced in 2026 | 20-Year Transferable Warranty
- Rare 3.00% Annual Rent Bumps in Options
- Interstate 72 Exit Corridor Location
- Original 10-Year Lease with 5.5 Years Left
- Adjacent to Hickory Point Mall | 826,000sf Mall with 10 Anchor Tenants Including Von Maur, TJMaxx, Kohl's, Ross, Finish Line and Bath & Body Works
- 2021 Renovation
Executive Summary
Freestanding Central Illinois Urgent Care location. Central Illinois Urgent Care has 5 locations in Illinois.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,856 SF
Building Class
C
Year Built/Renovated
1980/2021
Price
$1,065,000
Price Per SF
$219.32
Cap Rate
7.75%
NOI
$82,552
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.44 AC
Zoning
Commercial
Parking
15 Spaces (3.09 Spaces per 1,000 SF Leased)
Frontage
95’ on Koester Dr.
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-07-23-104-002 | Improvements Assessment | $98,235 |
| Land Assessment | $50,213 | Total Assessment | $148,448 |
Property Taxes
Parcel Number
07-07-23-104-002
Land Assessment
$50,213
Improvements Assessment
$98,235
Total Assessment
$148,448
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