Charleston, IL - Former KFC

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a former KFC investment property located in Charleston, Illinois. The site presents an excellent owner-user or redevelopment opportunity with tremendous upside. The building offers an ideal QSR design, capable of supporting a national fast-food brand and is equipped with a drive-thru, providing ease and convenience for consumers.

The asset is strategically located along Lincoln Avenue, a primary thoroughfare supporting over 10,300 vehicles passing daily. Lincoln Avenue serves as the primary retail thoroughfare serving the city of Charleston, featuring national fast food brands including Chick-fil-A, Starbucks, McDonald’s, Taco Bell, Arby’s, and Dunkin’. Strong tenant synergy throughout the area increases consumer traffic to the site. Furthermore, the subject property is positioned as an outparcel to a Walmart Supercenter, occupying the parcel at the signalized, hard corner intersection of the entrance to the center. The property will receive significant crossover retail exposure from
the national retailer in addition to the ALDI grocery store directly across Lincoln Avenue, the primary national grocer serving the city. The site has access to a direct consumer base comprised of many single and multi-family and communities, including the adjacent Campus Pointe Apartment (337 units), and Eastern Illinois University, a large public university with over 7,000 students enrolled, located 1-mile from the asset. The 5-mile trade area is supported by a population of over 19,400 residents and 7,400 employees with an average household income of $75,830.