Champaign Retail for Sale
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.
