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    Specialty properties

    851 Hwy, Forsyth, IL 62535

    6,034 SF Built 2006
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Specialty properties
    Year built 2006
    Total area 6,034 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
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