Contacts
John May
Prodigy Real Estate Group
Reid Eber
Property Details
- Property Type Retail
- Additional Rent Contact for pricing
- Date Updated Nov 4, 2024
- Very unique, seasoned premier Chicago Area grocer/drug anchored community center experiencing strong leasing velocity with the recent opening of Amazon Fresh and the soon-to-be open Burlington (Est. Sept. 2024). They join a line-up of other national tenants including Best Buy, Dick’s, Walgreens, LA Fitness and JOANN.
- Several tenants feature long term leases.
- Includes four owned high credit outlots – BMO, Raising Cane’s, Verizon and Burger King.
- Excellent trade zone position at the confluence of three major roadways (Arlington Heights, Palatine and Rand Roads). Tremendous visibility.
- Market features outstanding traffic counts (Arlington Heights – 21,476 VPD, Palatine – 31,634 VPD, Rand – 28,952 VPD) and demos (5-mile: $318k pop., $128k AHI).
- 329,828 square feet and 96.6% occupied with value add potential via lease-up, bringing below market rents to market, and selling off of outlots.
- Projected levered IRR of 14.9%. Pricing significantly below replacement cost.
- Maintained to an institutional level.
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Attachments
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Arlington Heights, IL
- Zip Code 60004
- Market Chicago
Points of Interest
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Arlington Heights
1.68 miles
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Arlington Park
1.76 miles
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Palatine
3.58 miles
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Mount Prospect
3.85 miles
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Des Plaines
6.62 miles
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Deerfield
7.80 miles
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Barrington
8.41 miles
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O'Hare Transfer
9.31 miles
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Terminal 1
9.68 miles
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Speedway
0.18 miles
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Shell
0.27 miles
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Clark
1.48 miles
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Mobil
1.60 miles
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Good Stop
2.38 miles
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Delta Sonic
2.77 miles
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Tesla Supercharger
4.12 miles
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ChargePoint
4.22 miles
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eVgo
5.25 miles
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EVgo
6.17 miles
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Arlinton Park Parking Metra Station
1.80 miles
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P2
2.76 miles
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P7
2.77 miles
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P6
2.80 miles
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Busse Center Garage
2.84 miles
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Visitor Garage
2.84 miles
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Mariano's Fresh Market Parking Lot
2.88 miles
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Emegency & Employee Garage
2.91 miles
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Buffalo Creek Forest Preserve parking
3.62 miles
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Golden Corral
0.14 miles
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Olive Garden
0.25 miles
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Chili's
0.26 miles
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McDonald's
0.26 miles
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Garibaldi's Italian Eatery
0.29 miles
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Chipotle
0.31 miles
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Panera Bread
0.33 miles
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Gail's Carriage Place
0.37 miles
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5th Ave Sushi
0.42 miles
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China Buffet
0.62 miles
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Amazon Fresh
0.03 miles
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Marshalls
0.18 miles
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Jewel-Osco
0.25 miles
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Ross
0.29 miles
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Trader Joe's
0.38 miles
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Burlington
0.54 miles
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ALDI
0.78 miles
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Target
0.96 miles
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Tony's Fresh Market
1.10 miles
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Mariano's Fresh Market
1.95 miles
In-Depth Research Available for this Property
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