640 E Rand Rd
Arlington Heights, IL 60004
Chili's · Retail Property For Sale
Property Facts
Amenities
- Signage
- Signalized Intersection
About 640 E RAND RD , ARLINGTON HEIGHTS, IL 60004
JLL is pleased to exclusively offer a freestanding 5,995 square-foot Chili's Grill and Bar situated on .42 acres at the intersection of East Rand and Palatine Roads in Arlington Heights, Illinois. Built in 1989, Chili's NNN lease has approximately 7.6 years of primary term remaining at $18.70 NNN SF with a contractual rent increase effective November 1, 2019 to $20.57 SF. In addition, the lease contains one, 5-year option at $22.63 SF. With excellent traffic counts of over 30,000 vehicles per day on East Rand and Palatine Roads, this intersection is one of the most traveled in Arlington Heights. As an established northwest Chicago suburban community, Arlington Heights has been built up over the last 30 years. The population statistics for the 5-mile radius include a population of 300,000 which consists of 129,620 households and an average household income of $90,573.
Property Taxes
| Parcel Number | 03-20-200-015-0000 | Improvements Assessment | $235,658 |
| Land Assessment | $69,593 | Total Assessment | $305,251 |
Property Taxes
