JLL Completes Sale of Aurora AutoZone

CHICAGO—Few single-tenant net leased properties are more attractive to buyers than investment-grade auto parts stores. JLL’s capital markets team, for example, on behalf of a Chicago-based private investor, just completed the sale of an AutoZone store in suburban Aurora to a private investor in a 1031 exchange based in Boise, ID for about $1 million.

The property totals 5,500-square-feet and has a long-term ground lease with multiple renewal options. It sits about one half mile south of I-88 at 1283 N. Lake St. in Aurora, Illinois’ second-largest city. The grocery anchored shopping center, Aurora Commons, is located directly to the west of the property.