Town & Country Center

For Sale

215-615 E Palatine Rd, Arlington Heights, IL 60004

This Arlington Heights property for sale is located at 215-615 E Palatine Rd. Contact the listing broker for details on the current sale price for Town & Country Center.

Contacts

broker

John May

Prodigy Real Estate Group

broker

Reid Eber

Property Details

  • 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

  • 78/100

    Walk Score ®

  • 57/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Arlington Heights, IL
  • Neighborhood Arlington Heights
  • Zip Code 60004
  • Market Chicago

Points of Interest

  • Arlington Heights

    1.68 miles

  • Arlington Park

    1.76 miles

  • Wheeling

    3.30 miles

  • Palatine

    3.58 miles

  • Prospect Heights

    3.81 miles

  • Mount Prospect

    3.85 miles

  • Buffalo Grove

    4.64 miles

  • Cumberland

    5.14 miles

  • Prairie View

    6.33 miles

  • Des Plaines

    6.62 miles

  • Speedway

    0.18 miles

  • Shell

    0.27 miles

  • Thorntons

    0.70 miles

  • Mobil

    1.38 miles

  • Clark

    1.48 miles

  • Tesla Supercharger

    4.12 miles

  • ChargePoint

    4.22 miles

  • EV Charger (Electric Car Parking)

    4.50 miles

  • eVgo

    5.25 miles

  • EVgo

    6.17 miles

  • Arlinton Park Parking Metra Station

    1.80 miles

  • P2

    2.76 miles

  • P7

    2.77 miles

  • P6

    2.80 miles

  • Busse Center Garage

    2.84 miles

  • Visitor Garage

    2.84 miles

  • Mariano's Fresh Market Parking Lot

    2.88 miles

  • Golden Corral

    0.14 miles

  • Olive Garden

    0.25 miles

  • Chili's

    0.26 miles

  • McDonald's

    0.26 miles

  • Garibaldi's Italian Eatery

    0.29 miles

  • Chipotle

    0.31 miles

  • Panera Bread

    0.33 miles

  • Gail's Carriage Place

    0.37 miles

  • 5th Ave Sushi

    0.42 miles

  • China Buffet

    0.62 miles

  • Amazon Fresh

    0.03 miles

  • Marshalls

    0.18 miles

  • Jewel-Osco

    0.25 miles

  • Ross

    0.29 miles

  • Trader Joe's

    0.38 miles

  • Harvest Fresh Market

    0.44 miles

  • Burlington

    0.54 miles

  • ALDI

    0.77 miles

  • Target

    0.96 miles

  • Tony's Fresh Market

    1.10 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Town & Country Center