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927 S Route 51
3,000 - 7,118 SF of Retail Space Available in Forsyth, IL 62535
Highlights
- 7,118 square foot, free-standing restaurant.
- Close to Hickory Point Mall.
- Nearby businesses: Hobby Lobby, Kohl’s, Lowe’s, Red Lobster, Steak ‘n Shake, McDonald’s and more.
- Built-out with dining room, commercial kitchen, coolers, & storage.
- On a key corner, this is a highly visible space in a prime commercial location with many national brands.
- 19,600 cars passing daily.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 3,000-7,118 SF | 14’ | 5-10 Years | $21.00 /SF/YR $1.75 /SF/MO $149,478 /YR $12,457 /MO | Triple Net (NNN) |
1st Floor
7,118 SF freestanding restaurant for Sale or Lease. Built-out with dining room, commercial kitchen, coolers, & storage. Hood in place and there is ample parking for customers. Potential to re-brand restaurant, rehab, or redevelop.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Kitchen
- Private Restrooms
- Secure Storage
- Finished Ceilings: 14’
- Freestanding Restaurant.
- Built-out with dining room and commercial kitchen.
- Features coolers and storage.
- Hood in place.
- Ample parking for customers.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 927 S Route 51 , Forsyth, IL 62535
| Min. Divisible | 3,000 SF | Gross Leasable Area | 7,118 SF |
| Property Type | Retail | Year Built | 2001 |
| Property Subtype | Restaurant | Parking Ratio | 10/1,000 SF |
| Min. Divisible | 3,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,118 SF |
| Year Built | 2001 |
| Parking Ratio | 10/1,000 SF |
About the Property
7,118 SF freestanding restaurant. Built-out with dining room, commercial kitchen, coolers, & storage. Hood in place and there is ample parking for customers. On a key corner, this is a highly visible space in a prime commercial location with many national brands. Forsyth is a small but growing community located on the north side of Decatur. There is a strong commercial corridorlocated along US 51, close to I-72, that attracts local and national brands.
- Corner Lot
- Air Conditioning
Nearby Major Retailers
Presented by
927 S Route 51
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