PetSmart - Forsyth, IL | NNN | Corporate Guarantee | Strong Tenancy and Commitment | Original Tenant | 3, Five-Year Options

1460 Koester Drive Forsyth, IL 62535

1460 Koester Drive, Forsyth, IL, 62535
1460 Koester Drive, Forsyth, IL, 62535
FOR SALE
Property Type:
Strip Center
Amount:
$3,820,000
Last Verified:
Mar 21, 2019

Highlights

  • Corporate Backed Lease by PetSmart
  • Triple-Net Lease
  • Limited Competition | Only National Pet Store Chain Within 40 Miles
  • Surrounded by Major Retailers | Excellent Location in Epicenter of Dense Retail Corridor
  • Strong Tenancy and Commitment | Original Tenant

Description

Marcus & Millichap is pleased to present a unique investment opportunity located at 1460 Koester Drive in Forsyth, Illinois. Built in 2006, the 20,087-square foot property sits in a strip, shadow anchored by Best Buy. The property is off of US Route 51 and Interstate 72. The NNN lease calls for limited landlord obligations and expires at the end of January 2023 with three remaining five-year options.

The subject property is strategically located in a dense retail corridor off of US Route 51 and Interstate 72, which sees a combined 41,000 vehicles per day. It is across from the Hickory Point Mall, the region's only super regional enclosed mall and has strong neighboring retail tenants such as Taco Bell, Wendy’s, Subway, Hampton Inn, Lowe's, Holiday Inn, Marriott Fairfield Inn, AT&T, GMC-Cadillac Dealership, Shell Gas Station, Circle K, and Applebee's among countless others.

Marcus & Millichap is pleased to present a unique investment opportunity located at 1460 Koester Drive in Forsyth, Illinois. Built in 2006, the 20,087-square foot property sits in a strip, shadow anchored by Best Buy. The property is off of US Route 51 and Interstate 72. The NNN lease calls for limited landlord obligations and expires at the end of January 2023 with three remaining five-year options.

The subject property is strategically located in a dense retail corridor off of US Route 51 and Interstate 72, which sees a combined 41,000 vehicles per day. It is across from the Hickory Point Mall, the region's only super regional enclosed mall and has strong neighboring retail tenants such as Taco Bell, Wendy’s, Subway, Hampton Inn, Lowe's, Holiday Inn, Marriott Fairfield Inn, AT&T, GMC-Cadillac Dealership, Shell Gas Station, Circle K, and Applebee's among countless others.


Year Built: 2006
Building Size: 20087.0sq ft
Lot Size: 0.46 acres

Map of 1460 Koester Drive, Forsyth, IL, 62535

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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