1150 22Nd St Oak Brook, IL 60523

This exceptional investment opportunity presents a brand-new, 6,000-square-foot storefront occupied by Diamonds Direct under a 15.1-year net lease (NNN ground lease) with 13.8 years remaining. Located at 1150 W 22nd St, Oak Brook, IL 60523, this single-tenant building boasts a prime corner location on a high-traffic intersection with over 138,000 vehicles passing daily. The property is situated within the prestigious Oak Brook Commons development, across from Oakbrook Center, a major shopping destination attracting over 25 million visitors annually and generating over $1 billion in spending. The surrounding area features upscale neighbors including Fogo de Chão, Alter Brewing, and Gibsons Bar & Steakhouse, further enhancing the property's desirability. Built in 2023, the property sits on a 0.31-acre lot and includes 15 parking spaces. The lease commenced August 12, 2023, and expires August 31, 2038, with three 5-year renewal options. Rent increases are structured with a 10% bump every five years, providing inflation protection. The property offers a 6.00% cap rate, a $385,000 net operating income (NOI), and is priced at $6,417,000 ($1,069.50 per square foot). The tenant, Diamonds Direct, is credit-rated, ensuring a secure investment. This high-visibility location, coupled with strong demographics (average household income of $156,431 and over 141,100 daytime population within a three-mile radius), makes this a truly exceptional passive investment opportunity. The property's County Use Code is C. The APN is 06-23-406-024.