Five Below
11,350 SF | Retail Building | Forsyth, IL 62535 | $2,523,000 ($222/SF) | 6.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,523,000
- Property Type
-
Retail
- Square Feet
- 11,350 SF
- Price / Square Foot
- $222
Listing Contacts
Vincent Aicale
Verified Profile
Russell Train
Verified Profile
Michael Yuras
Verified Profile
Ryan Forsyth
Verified Profile
Scott Crowle
Verified Profile
- Property Info
Property Overview
This Five Below is a high-visibility and easily accessible location just off U.S. Hwy 51, with access to 24,600 vehicles per day directly in front of the site.
With its strategic placement and access to prominent attractions, this Five Below is surrounded by national brand retail tenants including Lowe’s, Kohl’s Ross Dress for Less, Ulta, Hobby Lobby, T.J. Maxx, Buffalo Wild Wings, Texas Roadhouse, Applebee’s, Taco Bell, Best Buy, PetSmart, Dollar Tree and many others.
The site is across the street from the Hickory Point Mall, a 826,347 square foot mall anchored by Kohl’s, Von Maur, TJ Maxx, Hobby Lobby, Ulta Beauty and Ross Dress for Less, positioning the site to capture significant crossover buyer activity.
The surrounding area is home to many community hubs that will drive traffic to Starbucks such as Hickory Point Golf Course, Forsyth Park, Millikin University (1,800 students), Stephen Decatur Middle School (779 Students) and many others.
The property serves as a Gateway to Downtown Decatur, the largest city in and the county seat of Macon County. An excellent average annual household income of $137,671 within one mile of the site provides an extremely affluent immediate customer base.
With its strategic placement and access to prominent attractions, this Five Below is surrounded by national brand retail tenants including Lowe’s, Kohl’s Ross Dress for Less, Ulta, Hobby Lobby, T.J. Maxx, Buffalo Wild Wings, Texas Roadhouse, Applebee’s, Taco Bell, Best Buy, PetSmart, Dollar Tree and many others.
The site is across the street from the Hickory Point Mall, a 826,347 square foot mall anchored by Kohl’s, Von Maur, TJ Maxx, Hobby Lobby, Ulta Beauty and Ross Dress for Less, positioning the site to capture significant crossover buyer activity.
The surrounding area is home to many community hubs that will drive traffic to Starbucks such as Hickory Point Golf Course, Forsyth Park, Millikin University (1,800 students), Stephen Decatur Middle School (779 Students) and many others.
The property serves as a Gateway to Downtown Decatur, the largest city in and the county seat of Macon County. An excellent average annual household income of $137,671 within one mile of the site provides an extremely affluent immediate customer base.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store, Storefront, Storefront Retail/Office
Highlights
- New 10-year corporate net lease to Five Below (NASDAQ: “FIVE”)
- Five Below operates 1,572 stores in the U.S. in 44 different states and territories as of February 2024
- Five Below reported a 2023 Q3 Net Sales increase of 14% to $736 million
- The company opened 74 new stores in Q3 2023 and are on track to open 200 new stores for the 2024 fiscal year
- Major “to the studs” renovation to Five Below’s latest prototype, producing a brand new building, new HVAC units, and roof with 20-year warranty
- Site qualifies for depreciation
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