713-715 E Palatine Rd Arlington Heights, IL

This retail property is situated between three major six-lane roads in the heart of the Rand Rd corridor, offering a redevelopment opportunity. Comprehensive updates are planned, including a new parking lot, lighting, landscaping, facades, and awnings. The property features a Palatine Outlot of 2,169 square feet with a drive-thru, and North Shops offering 11,841 divisible square feet. South Shops Outlots provide pad opportunities on approximately 2.21 acres. The location benefits from proximity to a major intersection with combined traffic counts exceeding 190,000 vehicles per day. A new multi-tenant building on Palatine Rd 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. A new At Home furniture store is coming in February 2023. The redevelopment of common areas is scheduled to start in Summer 2023. 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. The property offers opportunities for outlots up to 40,000 square feet or build-to-suit options on approximately 2.21 acres.