Mattoon, 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 Mattoon, 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 Charleston Ave, a primary thoroughfare supporting over 14,500 vehicles passing daily. Charleson Avenue serves as the primary retail thoroughfare serving the city of Mattoon, featuring national fast food brands including Domino’s Pizza, Burger King, Arby’s, and Dairy Queen. Strong tenant synergy throughout the area increases consumer traffic to the site. Additionally, the subject property is positioned just west of Cross County Mall, a 309,000 square foot shopping mall with national/credit tenants including Marshalls, Dunham’s, Rural King, and more. Furthermore, the property is located less than 2 miles west of Mattoon Marketplace, a 90,000 square foot shopping center with national/credit tenants including Hibbett Sports and PetSmart. The site will receive significant crossover retail exposure from the national retailers in the area in addition to the ALDI grocery store located down Charleston Ave, the primary national grocer serving the city. Moreover, the property is in the center of a primary retail corridor with other nearby national/credit tenants including The Home Depot, Dollar General, Family Dollar, Harbor Freight Tools, Big Lots!, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 18,800 residents and 16,400 employees with an average household income of $73,116.