PetSmart & Dollar Tree

Highlights:

• 100% OCCUPIED TWO-TENANT CENTER - Fully leased to PetSmart and Dollar Tree, two nationally recognized retailers serving necessity-based consumer demand.
• LONG-TERM TENANT COMMITMENT - Both PetSmart and Dollar Tree have occupied the property since January 2006 and have exercised multiple renewal options, demonstrating nearly two decades of successful operations and continued commitment to the location.
• CORPORATE-BACKED TRIPLE NET LEASES - Both tenants operate under NNN lease structures, minimizing landlord responsibilities while providing stable, predictable cash flow.
• BUILT-IN RENTAL GROWTH - Both leases feature contractual rent increases during option periods, providing investors with future income growth and inflation protection.
• DOMINANT RETAIL CORRIDOR LOCATION - Situated directly across from Hickory Point Mall, the region's primary shopping destination and retail hub serving Decatur and the surrounding trade area.
• SHADOW-ANCHORED BY BEST BUY - Adjacent to Best Buy and surrounded by a dense concentration of national retailers, restaurants, and service providers that drive consistent customer traffic.
• LIMITED COMPETITION WITH STRONG MARKET POSITIONING - PetSmart is the only national pet supply retailer within approximately 40 miles, while Dollar Tree benefits from strong brand recognition and value-oriented consumer demand.
• AFFLUENT TRADE AREA - Average household income exceeds $124,000 within 1 mile and $84,000 within 3 miles, supporting strong retail spending and long-term tenant performance.
• STRONG DAYTIME EMPLOYMENT BASE - More than 11,500 employees within 3 miles and over 30,000 employees within 5 miles provide a substantial daytime population that supports surrounding retail activity.
• ESTABLISHED REGIONAL RETAIL DESTINATION - Located within the Hickory Point retail corridor, one of Central Illinois' most established shopping districts, drawing consumers from throughout the Decatur metropolitan area and surrounding counties.

Description:

Prime Net Lease is pleased to exclusively present the opportunity to acquire a corporate-guaranteed, NNN-leased property occupied by PetSmart and Dollar Tree in Forsyth, Illinois. This 100% occupied, two-tenant retail center offers investors a stable, triple-net lease investment backed by two nationally recognized retailers serving necessity-based consumer demand.

Both PetSmart and Dollar Tree have occupied the property since January 2006 and have exercised multiple renewal options, demonstrating nearly two decades of successful operations and continued commitment to the location. The property features corporate-backed triple net leases, minimizing landlord responsibilities while providing stable, predictable cash flow with built-in rental growth through contractual rent increases during option periods.

Strategically located directly across from Hickory Point Mall, the region's primary shopping destination, the property is shadow-anchored by Best Buy and surrounded by a dense concentration of national retailers, restaurants, and service providers that drive consistent customer traffic. The trade area benefits from affluent demographics with average household income exceeding $124,000 within 1 mile and $84,000 within 3 miles, along with a strong daytime employment base of more than 11,500 employees within 3 miles.

Location & Regional Connectivity
Forsyth, Illinois is strategically located in Macon County, immediately adjacent to Decatur, one of Central Illinois' largest economic centers. Positioned along Interstate 72 and near U.S. Route 51, Forsyth offers exceptional accessibility to regional markets throughout Illinois and the Midwest. Its location provides convenient access to major cities including Springfield, Champaign, Bloomington-Normal, and St. Louis, making it a highly desirable destination for both businesses and consumers.

Community Overview
Despite its relatively small population of approximately 3,700 residents, Forsyth has established itself as one of the premier retail destinations in Central Illinois. The village is known for its strong local governance, high quality of life, and well-maintained infrastructure. Forsyth consistently attracts shoppers from a much larger trade area, serving residents throughout Decatur and the surrounding counties. The community's stable residential base, coupled with its regional draw, supports a vibrant and growing commercial environment.

Economic Drivers & Retail Strength
Forsyth's economy is heavily influenced by its position as a regional retail hub. The village is home to numerous national retailers, restaurants, hotels, and service providers that benefit from both local and regional consumer demand. The nearby city of Decatur serves as a major employment center, anchored by global companies such as ADM, Caterpillar, and Mueller, creating a substantial workforce and consumer base. This combination of employment density and retail concentration has allowed Forsyth to maintain strong commercial performance and attract continued investment.

Commercial & Development Activity
The village has experienced significant commercial growth over the past two decades, evolving into one of the most sought-after retail corridors in Central Illinois. National tenants continue to expand their presence in the market, drawn by strong traffic counts, excellent visibility, and a broad consumer trade area. Forsyth's commercial districts feature a diverse mix of retailers, restaurants, hotels, and service-oriented businesses, creating a destination environment that attracts visitors from across the region.

Quality of Life & Workforce Access
Residents and businesses benefit from Forsyth's proximity to Decatur's healthcare, educational, and employment resources while enjoying the advantages of a smaller suburban community. The area's affordability, strong public services, and convenient access to regional transportation networks contribute to a stable workforce and desirable living environment.

---

Report Listing This listing was syndicated through:

Documents: