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KFC 2201 W Springfield Ave 2,600 SF Retail Building Champaign, IL 61821 $2,000,000 ($769.23/SF) 6% Cap Rate
Investment Highlights
- PRIME RETAIL COTENANCY - SPRINGFIELD/MATTIS NODE
- BRAND NEW REMODEL - REOPENED APRIL 2026
- KFC: GLOBAL SCALE + U.S. SALES TURNAROUND
- 1-MILE DEVELOPMENT - ACTIVE REDEVELOPMENT AT THE INTERSECTION
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE
- TOP-TIER BRAND LIQUIDITY
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,600 SF
Building Class
C
Year Built
1990
Price
$2,000,000
Price Per SF
$769.23
Cap Rate
6%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.65 AC
Zoning
C - Commercial
Parking
28 Spaces (10.77 Spaces per 1,000 SF Leased)
Frontage
104’ on West Springfield Avenue
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 44-20-15-201-024 | Improvements Assessment | $144,050 |
| Land Assessment | $91,010 | Total Assessment | $235,060 |
Property Taxes
Parcel Number
44-20-15-201-024
Land Assessment
$91,010
Improvements Assessment
$144,050
Total Assessment
$235,060
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KFC | 2201 W Springfield Ave
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