410 W University Ave
Urbana, IL 61801
KFC · Retail Property For Sale

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.