BUFFALO WILD WINGS 851 S Route 51

6,034 SF Retail Building Forsyth, IL 62535 $4,149,000 ($688/SF) 7% Cap Rate

Investment Highlights

  • PASSIVE INVESTMENT OPPORTUNITY WITH ±7 YEARS REMAINING OF TERM WITH BUFFALO WILD WINGS (OPERATOR: WORLD WIDE WINGS, LLC)
  • EXCELLENT RETAIL CORRIDOR – The property is located on US Highway 51 (21,000 VPD), a major retail thoroughfare serving in Decatur, IL MSA.
  • Tenant is responsible for maintaining Roof, Structure and Parking Lot, providing New Ownership with A Passive Investment.
  • CONTRACTUAL RENT BUMPS IN PLACE THROUGH REMAINDER OF PRIMARY TERM (10% INCREASE IN NOVEMBER OF 2026)
  • World Wide Wings, based in Vancouver, WA operates in Southern and North California, Oregon, Washington, Illinois, Indiana & Florida with 60+ Locations
  • WELL EDUCATED AND AFFLUENT POPULATION – Extremely high average household incomes of over $105,000 within a 1-mile radius of the property.

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,034 SF
Building Class
B
Year Built
2006
Price
$4,149,000
Price Per SF
$688
Cap Rate
7%
NOI
$290,430
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.34 AC
Zoning
MUNICIPAL
Parking
100 Spaces (16.57 Spaces per 1,000 SF Leased)
Frontage
194 FT on U.S. 51

Amenities

  • Restaurant

Nearby Major Retailers

O'Charley's
Steak ‘n Shake
Buffalo Wild Wings
Texas Roadhouse
First Mid Bank
Red Lobster
Cracker Barrel Old Country Store

PROPERTY TAXES

  • Listing ID: 33677536

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 851 S Route 51, Forsyth, IL 62535