Log In/Sign Up
Your email has been sent.
AutoZone - New Construction 2026 2801 Division Street (State Route 113) 7,381 SF Retail Building Diamond, IL 60416 $1,050,000 ($142.26/SF) 4.76% Cap Rate
Investment Highlights
- 15 YEAR NNN GROUND LEASE | NEAR TERM 7% RENT ESCALATION
- OUTLOT TO #1 GROCER IN THE MARKET | JEWEL-OSCO
- MULTIPLE POINTS OF ACCESS FROM MAIN THOROUGHFARE
- BEST IN CLASS TENANT | INVESTMENT-GRADE CREDIT PROFILE
- TENANT OVERVIEW
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,381 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$1,050,000
Price Per SF
$142.26
Cap Rate
4.76%
NOI
$50,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.20 AC
Frontage
227’ on East Division Street
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Contacts
-
George Ghattas -
Nicholas Kohlmann -
Olivia Palmer -
Mid-America Real Estate Corp.
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
AutoZone - New Construction 2026 | 2801 Division Street (State Route 113)
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.