851 Hwy Forsyth, IL 62535
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Specialty properties
Property Details for 851 Hwy
- Year built
- 2006
- Property size
- 6,034 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Forsyth
- County
- Macon
- State
- Illinois
- Longitude
- -88.9566
- Latitude
- 39.9231
