On behalf of a Chicago-based private investor, JLL’s Capital Markets team has completed the sale of a single-tenant, net leased AutoZone store in Aurora to a private investor in a 1031 exchange based in Boise, Idaho for approximately $1 million.
The property totals 5,500 square feet and is subject to a long-term ground lease and features multiple renewal options. It is located about one half mile south of Interstate-88 at 1283 N. Lake St. (Route 31) in Aurora.
JLL Vice President Matt Berres led the team on this transaction.
In the past 12 months, JLL has closed more than $500 million of single-tenant, net-leased properties across the country. In addition, JLL has nearly $750 million in single tenant net lease offerings currently in the market.