KFC | Urbana, IL
Directly Adjacent to Carle Foundation Hospital | Brand-New 20-Year Absolute NNN L
Marketing description
The Northmarq National Restaurant Group is pleased to offer this single-tenant KFC located at 410 W University Avenue, Urbana, IL. The property is secured by a brand-new, absolute NNN lease with a 20-year initial term and four (4) 5-year renewal options, featuring 10% rental increases every 5 years. The tenant fully remodeled and reopened the location in November 2025, delivering a capex-fresh prototype and an institutional-grade investment with zero landlord obligations.
The site sits directly adjacent to Carle Foundation Hospital, the largest hospital in Champaign-Urbana with 509 beds, Level 1 Trauma Center designation, and 7,300+ employees on a campus that is actively expanding. Carle is currently demolishing the parcels at 809 W Park Street and 808 W University Avenue to expand its emergency department, and Carle Convenient Care Plus relocated in November 2025 to 601 W University Avenue, directly across the street from the subject.
The University of Illinois Urbana-Champaign sits within walking distance, with 59,238 students and a No. 12 ranking among public universities, supplemented by recent and pipeline student housing deliveries totaling more than 2,000 beds within one mile (Yugo Urbana, Campus Circle, Burnham310, HERE Champaign, Bromley Commons in fall 2027). The property fronts US-150 (±20,500 VPD) at the gateway between the campus, the hospital, and downtown Urbana, with US-45 (±19,200 VPD) and
N Lincoln Ave (±14,400 VPD) feeding the immediate trade area.
Investment highlights
HIGH-VOLUME LOCATION — DEMONSTRATED DEMAND
When the location reopened in November 2025 following its remodel, local press reported strong opening-week demand and lines around the block. The site has consistently demonstrated strong demand from the adjacent hospital workforce, U of I campus traffic, and surrounding rooftops. Sales details are available to qualified buyers under NDA.
DIRECTLY ADJACENT TO CARLE FOUNDATION HOSPITAL
Carle Foundation Hospital sits directly adjacent to the subject - a 509-bed Level 1 Trauma Center, the largest hospital in Champaign-Urbana, with 7,300+ employees. Hospital-adjacent QSR locations command increased consumer traffic in the net-lease market due to round-the-clock staffing, patient/family traffic, and recession resilience.
1-MILE DEVELOPMENT — ACTIVE CARLE EXPANSION + NEW HOUSING DELIVERIES
Carle is currently demolishing 809 W Park Street and 808 W University Avenue to expand
its Emergency Department, which is one of the busiest in the state. Carle Convenient Care Plus relocated in November 2025 to 601 W University Ave - across from the subject property. Recent housing deliveries within 1 mile: Bromley Commons (400-bed, fall 2027); Yugo Urbana (luxury student housing); Bailey Student Apartments; Campus Circle (524-bed); ONYX Urbana.
BRAND-NEW REMODEL — REOPENED NOVEMBER 2025
Fully remodeled and reopened November 2025. Per KFC's 2024/2025 FDD Item 7, the average reopened/remodeled outlet investment ranges from $1,052,825 to $2,521,550 (midpoint ~$1,787,188). Buyer inherits a capex-fresh prototype on Day 1 of a 20-year lease - meaningful baked-in investment security.
BRAND NEW 20-YEAR ABSOLUTE NNN LEASE
20-year initial term commencing at close of escrow. 10% rental increases every 5 years. Four (4) 5-year renewal options. Zero landlord responsibilities - tenant covers all taxes, insurance, and maintenance.
KFC: GLOBAL SCALE + U.S. SALES TURNAROUND
±31,980 locations across 150+ countries. 53% of Yum! Brands divisional operating profit. Roughly 3,000 new restaurants opened globally in 2025. After multi-year U.S. declines, the brand posted positive same-store sales for two consecutive quarters in late 2025 (+2% Q3, +1% Q4) under new leadership and following Yum!'s 2025 HQ relocation to Plano, TX.
TOP-TIER BRAND LIQUIDITY
KFC ranks 12th of 58 QSR brands for listing success rate at 66% - top quartile for liquidity. Brand-level average sold cap: 5.57% (tied 11th lowest of all QSR brands tracked). Source: Northmarq National Restaurant Group Cap Rate Guide (2018-2025).
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