AutoZone
$1,050,000
2801 East Division Street (State Route 113) Diamond, Illinois, Diamond
For Sale
Retail
Free Standing
Active
Last Updated: 05/07/2026
4.75
Cap Rate
50,000
NOI
Details:
Cap Rate: 4.75%
NOI: $50,000
Building Size: 7,381 sqft
Lot Area: 0.88 sqft
Occupancy: 100%
Lease Type: Triple Net
Year Built: 2026
Tenancy: Single
Highlights:
- 15 YEAR NNN GROUND LEASE | NEAR TERM 7% RENT ESCALATION
- BEST IN CLASS TENANT | INVESTMENT-GRADE CREDIT PROFILE
- OUTLOT TO #1 GROCER IN THE MARKET | JEWEL-OSCO
- TENANT OVERVIEW
- MULTIPLE POINTS OF ACCESS FROM MAIN THOROUGHFARE
Description:
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the freestanding AutoZone ground lease investment (currently under construction) just east of the fully signalized intersection of Division Street (State Route 113) and Will Road, Diamond, Illinois. The subject offering features a corporately guaranteed 15-year NNN ground lease as an outlot to a new Jewel-Osco prototype which has been open since October 2024 and anchors a 40-acre development.
Documents:
| Title | ||
|---|---|---|
| AutoZone___Diamond__IL_-_OM.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
