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BUFFALO WILD WINGS 851 S Route 51

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

Restaurants Illinois Forsyth 851 S Route 51, Forsyth, IL 62535

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)

Attachments

Buffalo Wild Wings - 851 U.S. Hwy 51, Forsyth, 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

Links

1 of 1

Nearby Major Retailers

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

PROPERTY TAXES

Parcel Number 07-07-15-476-042 Improvements Assessment $191,164
Land Assessment $136,577 Total Assessment $327,741

PROPERTY TAXES

Parcel Number
07-07-15-476-042
Land Assessment
$136,577
Improvements Assessment
$191,164
Total Assessment
$327,741
(216) 503-3610

Contacts

  • Listing ID: 33677536

  • Date on Market: 10/29/2024

  • Last Updated:

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

More public record information on 851 S Route 51, Forsyth, IL 62535

The Retail Property at 851 S Route 51, Forsyth, IL 62535 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

Nearby Listings

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851 S Route 51, Forsyth, IL for sale Primary Photo- Image 1 of 4
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BUFFALO WILD WINGS | 851 S Route 51
(216) 503-3610 x

BUFFALO WILD WINGS | 851 S Route 51

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Jonah Yulish

(216) 503-3610

(216) 503-3610

Ben Snyder

(216) 503-3607

(216) 503-3607

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