Property profile

851 Hwy Forsyth, IL 62535

OFF-MARKET
Specialty properties
6,034 SF Built 2006
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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

Location

851 Hwy Forsyth, IL 62535
Forsyth metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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