An exemplary lockset is configured for installation in a standard door preparation, and includes an exterior assembly, an interior assembly, and a center assembly connecting the exterior and interior assemblies. The exterior assembly includes an exterior escutcheon which houses a credential reader assembly including a multi-tech credential reader. The interior assembly includes an interior escutcheon which houses a control system. The center assembly includes a chassis, an outer surface of which may define a channel. The credential reader assembly is in communication with the control assembly via a wire harness, a portion of which may pass through the channel.