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1213-1221 E Rand Rd 27,712 SF 6% Leased Retail Building Arlington Heights, IL 60004 For Sale

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INVESTMENT HIGHLIGHTS

  • Anchored by AutoZone who is on a NNN lease with term through September 2033
  • Large on-site parking lot and dual-sided monument signage along Rand Road providing visibility and exposure to approx. 26,700 VPD
  • 53% leased, providing a value-add opportunity through lease-up or for an owner/user to purchase and occupy the vacancy
  • Part of a larger development with co-tenant Goodwill, who occupies 20,000+ SF adjacent to Crest Furniture

EXECUTIVE SUMMARY

1213-1221 E Rand Road is a multi-tenant retail center located along the southwest side of Rand Road in Arlington Heights, Illinois (Chicago MSA). The Property was constructed in 1996 and totals 27,712 square feet across three (3) units. The center is 53% occupied with tenants AutoZone and Crest Furniture, providing potential buyers an opportunity to add value through lease-up. AutoZone occupies 8,125 square feet and is on a NNN lease with term through September 2033. The Property features a large on-site parking lot totaling over 80 spaces and dual-sided monument signage along Rand Road featuring visibility and exposure to approx. 26,700 VPD. The center is conveniently located two (2) miles east of Illinois Route 53 and five (5) miles from both Interstate-90 and Interstate-94 and is situated within a
dense commercial corridor with neighboring tenants including Jewel-Osco, Tony’s Fresh Market, ALDI, Trader Joe’s, Target, LA Fitness, Walgreens, Burlington, JoAnn Fabric & Crafts, Ross Dress For Less, Marshalls, Party City, Dollar Tree, Petco, Binny’s Beverage Depot, At Home, Floor & Décor, Sherwin Williams, Raising Cane’s, and Starbucks, among several others.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
27,712 SF
Building Class
B
Year Built
1996
Percent Leased
6%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
1.72 AC
Zoning
B-2 - General Business District
Frontage
502’ on Rand

AMENITIES

  • Pylon Sign
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1215
  • 12,982 SF
  • Retail
  • In-Line
  • Now

Up to 12,982 SF of retail space for lease along Rand Road, just south of Palatine Road, in Arlington Heights. Opportunity to join co-tenants AutoZone, Goodwill, and Crest Home Furniture. The center features over 500' of frontage and signage potential along Rand Road, along with visibility and exposure to approx. 27,000 VPD

Space Size Space Use Position Available
1215 12,982 SF Retail In-Line Now

1215

Size
12,982 SF
Space Use
Retail
Position
In-Line
Available
Now

1215

Size 12,982 SF
Space Use Retail
Position In-Line
Available Now

Up to 12,982 SF of retail space for lease along Rand Road, just south of Palatine Road, in Arlington Heights. Opportunity to join co-tenants AutoZone, Goodwill, and Crest Home Furniture. The center features over 500' of frontage and signage potential along Rand Road, along with visibility and exposure to approx. 27,000 VPD

Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

WW
Chili's Grill & Bar
Olive Garden
Bibibop Asian Grill
Starbucks
Amazon Fresh
BMO
LA Fitness
Golden Corral
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 03-20-213-026-0000
  • 03-20-213-003-0000
  • 03-20-213-025-0000
Land Assessment
$281,250
Improvements Assessment
$342,278
Total Assessment
$623,528
  • Listing ID: 32201570

  • Date on Market: 6/20/2024

  • Last Updated:

  • Address: 1213-1221 E Rand Rd, Arlington Heights, IL 60004

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