Retail

At Home - Arlington Heights, IL

750 E Rand Rd, Arlington Heights, IL, 60004-4006, US

At Home - Arlington Heights, IL_Property for Sale

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At Home - Arlington Heights, IL 2_Property for Sale

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the 100,501 SF retail asset located at 750 E. Rand Road in Arlington Heights, IL (the “Property” or “Asset”). The newly constructed Property is fully leased by At Home Décor Superstore (“At Home” the “Tenant”) and executed a brand-new 10-year lease, subject 3 x 5-year extension options.

The Property is ideally situated within the Southpoint Shopping Center just off Highway 53 along E. Rand Road, a highly trafficked retail corridor (31,000 VPD) in the heart of Arlington Heights. The new At Home store and existing Floor & Décor will anchor the exciting redevelopment of the Southpoint Shopping Center, which will become home to a brand-new Chipotle drive thru, a Consumer’s Credit Union, and outparcel anchored by AT&T Corporate. The area is densely populated with more than 330,000 residents within a 5-mile radius that can directly access At Home through a brand-new right-in, right-out driveway.

Arlington Heights is poised for future demand and development with the Chicago Bears plan to move to the Arlington International Racecourse, which is less than a 9-minute drive from the Asset. The Property is directly adjacent to 3 neighboring retail centers (The Arlington Plaza, Annex of Arlington & Northpoint Shopping Mall). The centers are home to nationally recognized retail tenants including Best Buy, Dicks Sporting Goods, Marshalls, Trader Joes, Ulta Beauty, Office Depot, Burlington, Petco, and a brand-new Amazon Fresh.

Attributes

Asking Price
€9,085,000
Building area Net
9,337 m²
Occupancy
100.00%
Year built
1989

Investment Highlights

  • National retail tenancy spanning across 40 states with 255 locations
  • 10-years of lease term remaining, subject to 3x5-year renewal options
  • Newly redeveloped in 2023
  • Close proximity to highway 53
  • NNN lease structure
  • Dense surrounding population with 330K residents within a 5-mile radius
  • Highly trafficked retail corridor (31,000 VPD) in the heart of Arlington Heights
  • Directly adjacent to 3 neighboring retail centers: The Arlington Plaza, Annex of Arlington & Northpoint Shopping Mall. 

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Last updated
16 Jan 2023