Highlights
• Anchored by AutoZone on a NNN lease through September 2033 • Large on-site parking and dual-sided monument signage on Rand Road, with ~26,700 VPD exposure • 53% leased, offering value-add potential through lease-up or owner/user occupancy • Part of a larger development including Goodwill (20,000+ SF) adjacent to Crest Furniture
Description
1213–1221 E Rand Road is a multi-tenant retail property located on the southwest side of Rand Road in Arlington Heights, Illinois, within the Chicago MSA. Built in 1996, the center spans 27,712 square feet across three units. Currently, it is 53% leased, with AutoZone and Crest Furniture as tenants, offering investors the opportunity to increase value through additional leasing. AutoZone occupies 8,125 square feet under a triple-net (NNN) lease that runs through September 2033. The property features ample on-site parking with more than 80 spaces, as well as a double-sided pylon sign providing strong visibility to approximately 26,700 vehicles per day along Rand Road. It is conveniently located two miles east of Illinois Route 53 and just five miles from both Interstate 90 and Interstate 94. The center is positioned within a dense retail corridor, surrounded by national and regional retailers such as Jewel-Osco, Tony’s Fresh Market, ALDI, Trader Joe’s, Target, LA Fitness, Walgreens, Burlington, JoAnn Fabrics, Ross Dress for Less, Marshalls, Party City, Dollar Tree, Petco, Binny’s Beverage Depot, and At Home.
Listing Details
- Tenancy
Multi
- Space Type
retail
- Sub Category
convenience-store
- Date Listed
9/8/2025
- Investment Type
Value Add
- Ground Lease
No
- Parking Info
80 Spaces
- Building FAR
0.37
Property Specifics
- Property Name
1213-1221 E Rand Rd
- Property Class
B
- No of Stories
1
- No of Units
3
- Year Built
1996
- Building Size
27,712 SF
- Lot Size
1.72 AC
- Zoning
B2 - General Business
- Occupancy
53%