Absolute NNN Retail
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1146 Hickory Point Mall, Forsyth, IL 62535
Kohl’s has operated at this location since 1982 under an absolute NNN ground lease.
Property Size90,500 SF
Price / SF$23.50
Days on Market3
Property Features for 1146 Hickory Point Mall
General Information
Standard status
Active
Size
90,500 SF
Property subtype
RETAIL
Site & Location
Traffic Count
17,600 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
STREAM Capital Partners
(626) 236-3823
Listed By:
Dorothy Lee
Source:
Moodyscre
Added: Jul 31
Changed: Aug 2
Last Checked: Aug 2 at 3:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STREAM Capital Partners
Investment Insights
Based on property information with market context.
This 90,500-square-foot retail property at Hickory Point Mall is occupied by Kohl’s, which has operated at the location since 1982. The asset is subject to an absolute NNN ground lease, with 10% rent increases scheduled every five years. The next contractual increase is expected in 3.5 years, when the cap rate is projected to reach approximately 8.8%.
The mall fronts US Route 51, a north–south corridor carrying more than 17,600 VPD, and is approximately one-half mile from the Route 51/Interstate 72 interchange. Hickory Point Mall serves as a major retail destination for Decatur and surrounding communities between Champaign and Springfield. Area employers include Archer Daniels Midland, Caterpillar, Decatur Memorial Hospital, Decatur Public Schools, HSHS St. Mary’s Hospital, and Ameren Illinois.
The mall fronts US Route 51, a north–south corridor carrying more than 17,600 VPD, and is approximately one-half mile from the Route 51/Interstate 72 interchange. Hickory Point Mall serves as a major retail destination for Decatur and surrounding communities between Champaign and Springfield. Area employers include Archer Daniels Midland, Caterpillar, Decatur Memorial Hospital, Decatur Public Schools, HSHS St. Mary’s Hospital, and Ameren Illinois.
Key Highlights
- 90,500‑square‑foot retail property at Hickory Point Mall
- Occupied by Kohl’s, operating at this location since 1982
- Absolute NNN ground lease structure
Property Analytics
Current Use
Lease Details
17,600 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
458k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 25%
Apparel 21%
Electronics 5%
Von Maur
Apparel
35,438 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
32,255 visits/mo
0.3 miles
Kohl's
Apparel
31,858 visits/mo
0.3 miles
Texas Roadhouse
Dining
31,316 visits/mo
0.1 miles
McDonald's
Dining
29,647 visits/mo
0.2 miles
Demographics for 62535, IL
3,745
Population
1,346
Households
2.8
Avg Household Size
44
Median Age
59%
College-Educated
97%
High-School Grad
3.6 sq mi
ZIP Area
1,040
Density / Sq Mi
$113,456
Median Household Income
$69,632
Median Earnings
$1,207
Median Rent
$289,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Kohl’s has operated at this location since 1982 under an absolute NNN ground lease.
Where is this nnn property located?
The property is located at 1146 Hickory Point Mall Forsyth, IL.
What is the asking price?
The asking price for this property is $2,126,600.
What are key features of this property?
This property features: 90,500‑square‑foot retail property at Hickory Point Mall; Occupied by Kohl’s, operating at this location since 1982; Absolute NNN ground lease structure
