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Esplanade at Arlington Heights Logo Image
2920-3020 W. Euclid
Arlington Heights, IL 60005
  • Asking Price: $5,400,000
  • Cap Rate: 7.85%
  • Property Type: Retail
  • Status:
PROPERTY DETAILS:

Investment Highlights • Located adjacent to Arlington International Racecourse and new $350 million mixed-use Arlington Downs development • Signalized entrance to the property and Arlington Office Park on Euclid Avenue and Salt Creek Lane offers superior vehicular access • Tremendous visibility with ±23,000 VPD along Euclid Avenue • ±18,419 square feet of rentable building area on ±158,462 square feet (3.6 acres) of land • ±116 parking spaces • Scheduled rental increases provide investors with a hedge against inflation and significant asset appreciation • Starbucks (NASDAQ: SBUX, S&P A-) has four, five year options featuring 10% rent increases each term • Subway exercised their first option and has two, five year options remaining with 2% annual increases • Proximity to Highway IL-53 (141,200 VPD) which is a major highway running north / south connecting all of the northwest and southwest suburbs of Chicago