851 Hwy, Forsyth, IL 62535
This exceptional investment opportunity presents a fee-simple ownership of a 6,034-square-foot Buffalo Wild Wings restaurant located at 851 U.S. Hwy 51 in Forsyth, Illinois (zip code 62535). The property, built in 2006 and renovated in 2016, boasts a Class A designation and sits on a single-story building. The absolute NNN lease with the franchisee tenant, World Wide Wings, LLC, has approximately 7.2 years remaining, providing a stable, passive income stream. The lease includes contractual rent bumps, with a 10% increase scheduled for November 2026, ensuring future revenue growth. The property generates a strong net operating income (NOI) of $290,400, resulting in a compelling 7.00% capitalization rate. The tenant is responsible for maintaining the roof, structure, and parking lot, minimizing landlord responsibilities. This prime location on a major retail thoroughfare (US Highway 51, with 21,000 vehicles per day) benefits from high visibility and proximity to other national credit tenants, including Lowe's, Hobby Lobby, Best Buy, and more. The surrounding area features a highly affluent population with average household incomes exceeding $105,000 within a one-mile radius. The property's strong tenant, favorable lease terms, and excellent location make it an attractive investment opportunity. The asking price is $4,149,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.