KFC | Champaign, IL
Prime Retail Cotenancy | Brand-New 20-Year Absolute NNN Lease
Marketing description
The Northmarq National Restaurant Group is pleased to offer this single-tenant KFC located at 2201 W Springfield Avenue, Champaign, 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 April 2026, delivering a capex-fresh prototype and an institutional-grade investment with zero landlord obligations.
The site near the Springfield/Mattis intersection, one of the highest-traffic retail nodes in Champaign-Urbana with combined intersection traffic of approximately 39,200 VPD (16,200 W Springfield Ave + 23,000 S Mattis Ave). The property is immediately west of Country Fair Shopping Center, a 300,000-SF, 33-acre center with 2,000 parking spots anchored by Ruler Foods, Dollar General, Dollar Tree, and Thorntons. Round Barn Shopping Center (160,200 SF) and Union Square (11,538 SF) sit within blocks.
The property is within a designated City of Champaign Tax Increment Financing (TIF) District with active redevelopment underway. The SW corner was demolished in December 2025 and is being replaced with a new 4-tenant retail building featuring two drive-thrus (target completion September 2026), a new Starbucks recently opened at the intersection, and Country Fair's 1.0-acre hard-corner outlot is actively marketed for build-to-suit. The University of Illinois Urbana-Champaign sits 3.1 miles east with 59,238 students, and Parkland College (±12,000 students) is 1.9 miles east, with I-57 (±41,000 VPD) and I-74 (±41,400 VPD) feeding the broader trade area.
Investment highlights
PRIME RETAIL COTENANCY - SPRINGFIELD/MATTIS NODE
Country Fair Shopping Center immediately east: 300,000 SF, 33 acres, 2,000 parking spots - anchored by Ruler Foods, Dollar General, Dollar Tree, and Thorntons. Round Barn Shopping Center (160,200 SF) and Union Square (11,538 SF) are also within blocks. Combined intersection traffic: ±39,200 VPD (16,200 Springfield + 23,000 Mattis) - among the highest in Champaign-Urbana.
1-MILE DEVELOPMENT - ACTIVE REDEVELOPMENT AT THE INTERSECTION
The Springfield/Mattis intersection sits within a designated City of Champaign Tax Increment financing (TIF) District. Active projects: the SW corner - formerly Jimmy John's and Biggby Coffee - was demolished in December 2025 and is being replaced with a new 4-tenant retail building featuring two drive-thrus (target completion September 2026). A new Starbucks recently opened at the intersection, and Country Fair's 1.0-AC hard-corner outlot is actively marketed for build-to-suit.
BRAND NEW REMODEL - REOPENED APRIL 2026
Fully remodeled and reopened in April 2026. 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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