PetSmart & Dollar Tree
1460 Koester Road, Forsyth, IL 62535
Key features
- 100% OCCUPIED TWO-TENANT CENTER - Fully leased to PetSmart and Dollar Tree, two nationally recognized retailers serving necessity-based 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.
- BUILT-IN RENTAL GROWTH - Both leases feature contractual rent increases during option periods, providing investors with future income growth and inflation protection.
- CORPORATE-BACKED TRIPLE NET LEASES - Both tenants operate under NNN lease structures, minimizing landlord responsibilities while providing stable, predictable cash flow.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
Building Details
- For Sale $5,048,206
- Property Type Retail - Street Retail
- Property Size 30,087 SF
- Units 2
- Lot Size 3.72 Acre
- Additional Rent Price on request
- Property Tenancy Multi-Tenant
- Year Built 2006
- Date Updated Sep 30, 2026
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Prime Net Lease
Location
- City Forsyth, IL
- Neighborhood Forsyth
- Zip Code 62535
-
Walk score 45/100 Car-Dependent
-
Bike score 49/100 Somewhat Bikeable
Points of Interest
Shell
0.17 miles
Casey's General Store
0.99 miles
Phillips 66
1.34 miles
Kroger
2.64 miles
County Market Express
2.72 miles
Marathon;Circle K
3.14 miles
Mobil
4.95 miles
Huck's Food & Fuel
5.16 miles
Lot M1
4.98 miles
Lot M2
5.07 miles
Lot M4
5.07 miles
Lot M3
5.08 miles
Lot M7
5.13 miles
Lot M8
5.25 miles
Lot M11
5.25 miles
Lot M9
5.31 miles
Lot M5
5.34 miles
Lot M10
5.38 miles
Von Maur
0.37 miles
Hickory Point Mall
0.41 miles
Kohl's
0.42 miles
Walmart Supercenter
1.08 miles
Target
1.77 miles
Kroger
2.58 miles
County Market
2.67 miles
Save-A-Lot
5.07 miles
ALDI
7.86 miles
Listing Summary
-
Property Financials 1460 Koester Road is currently listed for sale at $5,048,206 for a price per square foot of $167.79.
-
Property Details 1460 Koester Road totals 30,087 square feet of Retail space on a lot spanning 3.72 acres. The property was initially built in 2006.
Tenancy at 1460 Koester Road is listed as Multi-Tenant, comprising a total of 2 units.
-
Area Characteristics 1460 Koester Road is located in the Greater Decatur neighborhood.
There is 1 other retail property listed for sale in the neighborhood. In terms of ease of commuting, the area has a walk score of 45, indicating that it is car-dependent.
Prime Net Lease