1213 Rand RdArlington Heights, IL 60004

Property Details for 1213 Rand Rd

Year built

1996

Property size (Sq ft)

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.

Location Insight

City

Arlington Heights

County

Cook

State

Illinois

Latitude

42.1041

Longitude

-87.9689

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