KFC NNN — Urbana, IL

Updated July 18, 2026

$2,400,000 · 6.25% CAP · 20 YRS

Freshly remodeled KFC adjacent to Carle Foundation Hospital in Urbana, reopened November 2025. A new 20-year absolute-net lease starts at close of escrow, escalating 10% every five years with four options behind it.

Lease Abstract

Price

$2,400,000

Cap rate

6.25% CAP

NOI

$150,000

Term remaining

20 YRS

Lease type

Absolute NNN

Increases

10% every 5 years

Building

2,183 SF

Lot

0.58 AC

Year built

1990

Renovated

2025

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

2,183 SF building, built 1990, renovated 2025, 0.58 acres of land. $1,099/SF asking, $68.71/SF NOI. Rent increases: 10% every 5 years. Primary term ends around 2046 (20 yrs left at listing, Jul 2026).

Location

Urbana, Illinois. Full address and offering memorandum released on request — see our KFC tenant guide and the Illinois market page for the underwriting context.