1213 Rand Rd Arlington Heights, IL 60004
- Retail properties
- 27,712 SF
Current Use by Public Records
- Crest Furniture - Arlington Heights / Home Goods Store / Kitchen Furniture Store
Property Details for 1213 Rand Rd
- Year built
- 1996
- Property size
- 27,712 SF
- Property type
- Retail properties
Description
This exceptional 27,712-square-foot retail center in Arlington Heights, Illinois, presents a compelling investment opportunity. Built in 1996, the Class B property comprises three units situated on a high-traffic corridor along Rand Road, boasting approximately 26,700 vehicles per day. Currently 53% occupied, the center offers significant value-add potential through lease-up. A key anchor tenant, AutoZone, occupies 8,125 square feet under a NNN lease extending to September 2033. The property includes over 80 parking spaces and prominent dual-sided pylon signage. Its strategic location, just two miles east of Illinois Route 53 and five miles from Interstates 90 and 94, places it within a thriving commercial area. Neighboring prominent retailers include Jewel-Osco, Tony's Fresh Market, Aldi, Trader Joe's, Target, LA Fitness, Walgreens, Burlington, and many more, ensuring high visibility and foot traffic. This property is ideal for investors seeking to capitalize on a strong retail market and a partially leased asset with significant upside. The property is part of a larger development with co-tenant Goodwill.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arlington Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.9689
- Latitude
- 42.1041
