Single-Tenant KFC
For Sale
Contact for pricing
2201 West Springfield Avenue, Champaign, IL 61821
Remodeled restaurant occupied under an absolute NNN lease with long-term renewal options and scheduled rent increases.
Property Size2,600 SF
Price / SF$769.23
Days on Market117
Property Features for 2201 West Springfield Avenue
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$120,000
Building Details
Year Built
1990
Year Renovated
2026
Tenancy
Single
Listing Agency:
Northmarq - Portland
(971) 351-9232
Listed By:
Matt Lipson · License #201225340
Source:
Crexi
Added: May 8
Changed: Aug 30
Last Checked: Aug 30 at 10:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Portland
Investment Insights
Based on property information with market context.
This single-tenant KFC restaurant occupies a 2,600-square-foot building constructed in 1990. The tenant completed a full remodel and reopened the location in April 2026. The property is leased on an absolute NNN basis under a 20-year initial term with four 5-year renewal options, 10% rent increases every 5 years, and no landlord obligations described in the offering information.
The site is positioned near the Springfield and Mattis intersection, where combined traffic is approximately 39,200 VPD. It sits immediately west of Country Fair Shopping Center, a 300,000-square-foot, 33-acre retail center with 2,000 parking spaces and multiple anchors. Round Barn Shopping Center and Union Square are also within blocks. The location is 3.1 miles from the University of Illinois Urbana-Champaign and 1.9 miles from Parkland College, with I-57 and I-74 serving the broader trade area.
The property lies within a designated City of Champaign TIF District. Nearby redevelopment includes a planned 4-tenant retail building with two drive-thrus, a recently opened Starbucks, and a 1.0-acre Country Fair hard-corner outlot marketed for build-to-suit development.
The site is positioned near the Springfield and Mattis intersection, where combined traffic is approximately 39,200 VPD. It sits immediately west of Country Fair Shopping Center, a 300,000-square-foot, 33-acre retail center with 2,000 parking spaces and multiple anchors. Round Barn Shopping Center and Union Square are also within blocks. The location is 3.1 miles from the University of Illinois Urbana-Champaign and 1.9 miles from Parkland College, with I-57 and I-74 serving the broader trade area.
The property lies within a designated City of Champaign TIF District. Nearby redevelopment includes a planned 4-tenant retail building with two drive-thrus, a recently opened Starbucks, and a 1.0-acre Country Fair hard-corner outlot marketed for build-to-suit development.
Key Highlights
- 2,600‑square‑foot single‑tenant KFC restaurant built in 1990
- Tenant remodel completed and location reopened in April 2026
- Absolute NNN lease with a 20‑year initial term and four 5‑year renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61821, IL
29,057
Population
13,751
Households
2.1
Avg Household Size
36
Median Age
50%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
3,774
Density / Sq Mi
$69,284
Median Household Income
$40,225
Median Earnings
$1,001
Median Rent
$174,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Remodeled restaurant occupied under an absolute NNN lease with long-term renewal options and scheduled rent increases.
Where is this conventional restaurant located?
The property is located at 2201 West Springfield Avenue Champaign, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 2,600‑square‑foot single‑tenant KFC restaurant built in 1990; Tenant remodel completed and location reopened in April 2026; Absolute NNN lease with a 20‑year initial term and four 5‑year renewal options
