851 S Route 51 - Restaurant FOR SALE
Forsyth, IL 62535 |
$4,149,000 USD
216-503-3610
851 S Route 51
Forsyth, IL 62535
HIGHLIGHTS
- PASSIVE INVESTMENT OPPORTUNITY WITH ±7 YEARS REMAINING OF TERM WITH BUFFALO WILD WINGS (OPERATOR: WORLD WIDE WINGS, LLC)
- CONTRACTUAL RENT BUMPS IN PLACE THROUGH REMAINDER OF PRIMARY TERM (10% INCREASE IN NOVEMBER OF 2026)
- EXCELLENT RETAIL CORRIDOR – The property is located on US Highway 51 (21,000 VPD), a major retail thoroughfare serving in Decatur, IL MSA.
- World Wide Wings, based in Vancouver, WA operates in Southern and North California, Oregon, Washington, Illinois, Indiana & Florida with 60+ Locations
- Tenant is responsible for maintaining Roof, Structure and Parking Lot, providing New Ownership with A Passive Investment.
- WELL EDUCATED AND AFFLUENT POPULATION – Extremely high average household incomes of over $105,000 within a 1-mile radius of the property.
FOR SALE DETAILS
PRICE
$4,149,000 USD
PRICE/SF
$688 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
BUFFALO WILD WINGS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
1.34 AC
LAND SF
58,370 SF
ZONING
MUNICIPAL
APN/PARCEL ID
07-07-15-476-042
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216-503-3610
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216-503-3610
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