216-381-8200
1500 Fort Worth Way, Mattoon, IL for Rent

Land - For Rent
1/2
107,593 SF | 1 Space

1500 Fort Worth Way
Mattoon, IL 61938


HIGHLIGHTS

  • • 15 Year NNN Ground Lease with No Landlord Obligations
  • • Strong Guarantor - Texas Roadhouse Operates 730 Stores in 49 US States
  • • Highway Interchange Site with Shadow Anchors Including Home Depot, Ross, Sierra and More
  • • Lease Features 10% Rental Increases Every 5 Years During the Initial Term and Options
  • • Regional Market Home to New Sports Complex Projecting 580,000 Annual Visits
  • • Ideal 1031 Investment with Hands-Off Corporate Lease

OVERVIEW

For sale to qualified investors is a brand-new absolute triple-net ground lease with Texas Roadhouse. The store is currently under construction with a fall 2025 projected opening. Texas Roadhouse has 730 restaurants located throughout 49 US States and executed a 15 year corporate ground lease for this location. The lease is 100% hands off and provides 10% rental increases every 5 years during the initial term and options. The property offers Interstate 57 visibility and interchange access and is located directly in front of the brand-new Shops at Emerald Acres and sports complex. Shadow anchors include The Home Depot, Ross, Sierra, Michael’s, Five Below, Bealls, Famous Footwear, Chick Fil A, and many more. Mattoon is the primary retail and service destination in the Mattoon-Charleston Micropolitan Statistical Area, which has a trade area population of 101,319 and currently draws from up to 30 miles. Because of this and Mattoon’s central location between Chicago and St. Louis, Lincoln Land of Sports, a $60 Million, 150-acre indoor and outdoor regional sports complex, is now open within this development and is estimated to draw 580,000 new customers to the market and add over $23 Million in new direct spending to Mattoon. Mattoon is a city in Coles County, Illinois, situated roughly half-way between Chicago and St. Louis. The city is home to Lake Land College and has close ties with its neighbor, Charleston. Both are principal cities of the Charleston–Mattoon Micropolitan Statistical Area, with a population of 101,319. In addition to being the retail hub for the MSA, Mattoon is home to several companies. Rural King, which is a large retailer for agricultural supplies with a retail footprint throughout the Midwest, South, and Southeast, has its headquarters located on the west side of town off of Dewitt Avenue. Other companies who have heavy focus in the area include Consolidated Communications, which is headquartered on Charleston Avenue, as well First Mid Bank & Trust, which has several important corporate facilities in the area. Other manufacturing plants include a Bimbo Bakeries USA plant, Mars, Incorporated Pet Food, and Justrite. Sarah Bush Lincoln Health System and Carle Foundation Hospital provide many jobs in health care for Mattoon and its neighboring towns and communities, such as Charleston. Lincoln Land of Sports, a $60 Million, 150-acre indoor and outdoor regional sports complex, recently opened at the I-57 interchange in Mattoon and estimated to draw 580,000 new customers to the market and add over $23 Million in new direct spending. New national retail including Ross Dress for Less, Michael’s, Sierra, Bealls, Chick Fill A, and others have all recently opened in the development, increasing the regional draw to the region.

RENTAL DETAILS

SPACE AVAILABLE

107,593 SF

# OF SPACES

1

RENT RATE (MO)

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RENT RATE (YR)

Request Info for Rent

LEASE LENGTH

15 Years

AVAILABLE

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

2.47 AC

LAND SF

107,593 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

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Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.