Sec Rand Rd & Palatine Rd Arlington Heights, IL

This property presents a redevelopment opportunity situated in the heart of the Rand Road corridor, located at the intersection of three major six-lane roads. A comprehensive update is planned, including a new parking lot, lighting, landscaping, facades, and awnings. The location benefits from proximity to a major intersection with combined traffic counts exceeding 190,000 vehicles per day. Available spaces include a 2,169 square foot outlot with a drive-thru, and 11,841 divisible square feet in the North Shops. South Shops outlots offer pad opportunities on approximately 2.21 acres. A new multi-tenant building on Palatine Road with a drive-thru is slated for delivery in Spring 2023. Chipotle is relocating to a freestanding location with a Chipotlane, with an opening planned for Spring 2023. At Home furniture is expected to open in February 2023. The South Shop area is available for sale or lease redevelopment, with outlots up to 40,000 square feet or build-to-suit options on approximately 2.21 acres. Redevelopment of common areas is scheduled to begin in Summer 2023. The property offers flexible square footage and the opportunity to join new tenants such as AT&T, Consumers Credit Union, and future Bibibop. Plans include a facade uplift to the South Shops, along with shopping center enhancements including a new parking lot, landscaping, and lighting.