2801 Division Street (State Route 113) - Freestanding FOR SALE


Diamond, IL 60416
$1,050,000 USD
630-954-7398
2801 Division Street (State Route 113), Diamond, IL for Sale
$1,050,000 USD
Freestanding - FOR SALE
1/5
null | 4.76% Cap Rate

2801 Division Street (State Route 113)
Diamond, IL 60416


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

4.76%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone - New Construction 2026

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,148 SF

ZONING

-

APN/PARCEL ID

02-24-06-101-008

ASK ABOUT THIS PROPERTY

George GhattasMid-America Real Estate Corp.More Info
630-954-7398

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George GhattasMid-America Real Estate Corp.More Info
630-954-7398

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.