Overview
Arlington Heights Retail Center For Sale
The multi-tenant retail center at 1213-1221 E Rand Road, Arlington Heights, Illinois, offers a commercial opportunity in the Chicago MSA. Constructed in 1996, the property totals 27,712 square feet across three units and is located along the southwest side of Rand Road. The center is 53% occupied, presenting a value-add opportunity through lease-up. AutoZone, a current tenant, occupies 8,125 square feet under a NNN lease extending through September 2033. The property features a large on-site parking lot with over 80 spaces and dual-sided pylon signage along Rand Road, providing visibility to approximately 26,700 vehicles per day. It is situated in a dense commercial corridor near 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, Ulta Beauty, At Home, Floor & Décor, Sherwin Williams, Goodwill, Salvation Army, Zen Leaf, Raising Cane’s, Starbucks, Dunkin’, Subway, and Burger King. The property is approximately two miles east of Illinois Route 53, five miles from both Interstate-90 and Interstate-94, and 1.5 miles north of the Arlington Heights Metra Station. The surrounding area is densely populated, with over 127,000 residents within a three-mile radius and an average household income exceeding $140,000 within one mile. The property is part of a larger development with co-tenant Goodwill.
