Town & Country Center

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

  • 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

Contacts

broker

John May

Prodigy Real Estate Group

broker

Reid Eber

Location

Getting Around

  • Walk Score ®

    78/100 Very Walkable

  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • 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

  • Palatine

    3.58 miles

  • Buffalo Grove

    4.64 miles

  • Deerfield

    7.80 miles

  • Barrington

    8.38 miles

  • Terminal 2

    9.81 miles

  • Shell

    0.27 miles

  • Thorntons

    0.70 miles

  • Mobil

    1.38 miles

  • Mobil

    2.23 miles

  • Mobil

    2.26 miles

  • BP

    2.26 miles

  • Shell

    2.31 miles

  • Delta Sonic Car Wash

    2.77 miles

  • 7-Eleven Mobil Gas Station

    2.81 miles

  • Mobil

    2.84 miles

  • Arlinton Park Parking Metra Station

    1.80 miles

  • P2

    2.76 miles

  • P7

    2.77 miles

  • Busse Center Garage

    2.84 miles

  • Visitor Garage

    2.84 miles

  • P6

    2.88 miles

  • Mariano's Fresh Market Parking Lot

    2.88 miles

  • Emegency & Employee Garage

    2.91 miles

  • Buffalo Creek Forest Preserve parking

    3.62 miles

  • Deer Grove - East Parking Lot

    4.00 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

  • JD's Q and Brew

    0.71 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

  • Jewel-Osco

    1.69 miles

Frequently Asked Questions

How much does Town & Country Center cost?

The sale price for Town & Country Center is available upon request. Contact the listing broker for more information.

What is the total square footage of Town & Country Center?

Town & Country Center totals 329,923 square feet.

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