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1213-1221 E Rand Rd

27,712 SF 53% 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.

1213 - 1221 E. Rand Road, Arlington Heights, IL _Chicago MSA_ - OM

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Building Size

27,712 SF

Building Class

Year Built

1996

Percent Leased

53%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.37

Lot Size

1.72 AC

Zoning

B-2 - General Business District

Frontage

502 FT on Rand

Amenities

Pylon Sign

Signage

Space Availability

1215
12,982 SF
Retail
In-Line
Now

1/2

1213-1221 E Rand Rd, Arlington Heights, IL for sale Floor Plan- Image 1 of 2 — Floor Plan

1213-1221 E Rand Rd, Arlington Heights, IL for sale Building Photo- Image 2 of 2 — Building Photo

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

Size

12,982 SF

Space Use

Retail

Position

In-Line

Available

Now

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PROPERTY TAXES

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

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

(847) 780-8063

Contacts

Matt Tarshis
Andrew Rubin
Andrew Picchietti
Zack Pearlstein
Frontline Real Estate Partners

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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