Friar Tuck Beverage
Net Lease
1085 US-51, Forsyth, Illinois
Ownership Type:
Ground Lease
Lease Expiration Date::
Approx. 2 years
Building Sq. Ft.:
15,586 SF
Investment Highlights
- NNN Ground Lease Structure: Tenant is responsible for property taxes*, insurance, maintenance. *Landlord responsible for $24,596 in annual property taxes; tenant reimburses all amounts in excess.
- Long-Standing Tenant History: Friar Tuck has operated at this location since 2013 and has exercised multiple renewal options, demonstrating commitment to the site.
- Strong Location & Visibility: Positioned along US Highway 51 (approx. 27,400 vehicles per day) and near Interstate 72 (13,500 VPD), providing strong traffic exposure.
- Large Lot Size & Full Frontage: The property sits on 1.65 acres with full frontage along US Highway 51, offering strong visibility and flexibility for a wide range of retail users.
- Strong Competitive Position: Friar Tuck operates seven locations across Illinois and Missouri and is the only liquor store within the city, providing a strong competitive position and limited competition.
- Retail-Anchored Surroundings: Located as an outparcel to Hickory Point Mall with major tenants (Von Maur, Kohl’s, Hobby Lobby, Ross, Ulta, etc.) and surrounded by retailers like Lowe’s, Menards, Best Buy, PetSmart, Panda Express, Chick Fil-A, Texas Roadhouse, McDonald’s.
- Strong Regional Employers: Major employers in the area include Archer Daniels Midland, Caterpillar, Decatur Memorial Hospital, Decatur Public Schools, HSHS St. Mary’s Hospital, and Ameren Illinois.
- Prime Lodging Hub: There are approximately 13 hotels in the city, making this the premier retail and hospitality node for the entire Decatur metro area, making it one of the strongest commercial trade areas in Central Illinois.
Ownership Type:
Ground Lease
Lease Expiration Date::
Approx. 2 years
Building Sq. Ft.:
15,586 SF
