2201 W Springfield Avenue, Champaign, IL 61821
The absolute NNN lease includes four renewal options and contractual rent increases every five years.
Property Features for 2201 W Springfield Avenue
General Information
Site & Location
Building Details
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Investment Insights
Based on property information with market context.
The lease is an absolute NNN sale-leaseback with a 20-year base term beginning at the close of escrow. It provides four 5-year renewal options and 10% rent increases every five years during the term and renewal periods. The property is located at 2201 W Springfield Avenue in Champaign, Illinois.
The tenant operates under the KFC banner. The site is in a city with daily Amtrak service to Chicago, commercial air service at Willard Airport, and a transit system.
Key Highlights
- 2,600‑square‑foot drive‑through restaurant on a 0.65‑acre parcel
- 30 parking spaces and dedicated pylon signage on W. Springfield Ave.
- Absolute NNN lease with a 20‑year base term and four 5‑year renewal options