SEC Rand Rd & Palatine Rd Arlington Heights, IL

This retail property is situated between three major six-lane roads in the heart of the Rand Road corridor, presenting a redevelopment opportunity. Comprehensive updates are planned, including a new parking lot, lighting, landscaping, facades, and awnings. The property is in close proximity to a major intersection with combined traffic counts exceeding 190,000 vehicles per day. A new multi-tenant building on Palatine Road with a drive-thru is scheduled for delivery in Spring 2023. Chipotle is relocating to a freestanding location with a Chipotlane, with an opening planned for Spring 2023. New At Home furniture is coming 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 start in Summer 2023. Join new tenants such as Chipotle, AT&T, Consumers Credit Union, and future Bibibop. New At Home furniture is now open. South Shops retail space is available for lease, with the ability to divide or combine spaces. Plans are in place for a facade uplift to the South Shops, along with shopping center enhancements including a new parking lot, landscaping, and lighting. The property offers 11,841 square feet of retail space.