1085 Hwy Forsyth, IL 62535

This exceptional investment opportunity presents a fee-simple ownership of a 15,586 square foot, ground-leased liquor store in Forsyth, Illinois. Located on a 1.65-acre lot at a prominent stoplight intersection at the entrance to Hickory Point Mall, this single-tenant property boasts high visibility and accessibility from US-51 and proximity to Interstate 72. The established tenant, operating for over 10 years with seven additional locations in Illinois and Missouri, holds a net lease with 3 years remaining on a 14.6-year term expiring November 29, 2027. The property generates a strong NOI of $162,436, representing an 8.25% cap rate on the asking price of $1,968,920 ($126.33/sq ft). The site benefits from significant daily traffic (24,400 vehicles per day on US-51) and is surrounded by strong retail drivers including major retailers, numerous hotels (nearly 800 rooms within one mile), and a golf course. The average household income within one mile is $135,459. The property includes 68 parking spaces and is situated in a high-growth area with a population of nearly 40,000 within a five-mile radius and 51,410 people working within the same area. Built in 1990, this one-story building presents a covered land play opportunity with potential future redevelopment possibilities as the tenant is currently out of options on their lease. The property's location at the entrance to Hickory Point Mall, a prominent retail destination with over 2.5 million visits in the last 12 months, further enhances its investment appeal. The APN is 07-07-22-227-004.