847-780-8063
1213-1221 E Rand Rd, Arlington Heights, IL for Sale
Retail - FOR SALE
1/3
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1213-1221 E Rand Rd
Arlington Heights, IL 60004


HIGHLIGHTS

  • Anchored by AutoZone who is on a NNN lease with term through September 2033
  • 53% leased, providing a value-add opportunity through lease-up or for an owner/user to purchase and occupy the vacancy
  • Large on-site parking lot and dual-sided monument signage along Rand Road providing visibility and exposure to approx. 26,700 VPD
  • Part of a larger development with co-tenant Goodwill, who occupies 20,000+ SF adjacent to Crest Furniture

OVERVIEW

1213-1221 E Rand Road is a multi-tenant retail center located along the southwest side of Rand Road in Arlington Heights, Illinois (Chicago MSA). The Property was constructed in 1996 and totals 27,712 square feet across three (3) units. The center is 53% occupied with tenants AutoZone and Crest Furniture, providing potential buyers an opportunity to add value through lease-up. AutoZone occupies 8,125 square feet and is on a NNN lease with term through September 2033. The Property features a large on-site parking lot totaling over 80 spaces and dual-sided monument signage along Rand Road featuring visibility and exposure to approx. 26,700 VPD. The center is conveniently located two (2) miles east of Illinois Route 53 and five (5) miles from both Interstate-90 and Interstate-94 and is situated within a dense commercial corridor with neighboring tenants including Jewel-Osco, Tony’s Fresh Market, ALDI, Trader Joe’s, Target, LA Fitness, Walgreens, Burlington, JoAnn Fabric & Crafts, Ross Dress For Less, Marshalls, Party City, Dollar Tree, Petco, Binny’s Beverage Depot, At Home, Floor & Décor, Sherwin Williams, Raising Cane’s, and Starbucks, among several others.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,757 SF

ZONING

B-2

APN/PARCEL ID

03-20-213-003-0000,03-20-213-025-0000,03-20-213-026-0000

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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