US - Lubbock, TX
HK$79,638,000 | 70,479 sf
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.