Shopping Neighborhood
Pal-Win Plaza | Value-Add | 11+ Pro Forma Cap Rate
1401-1457 E Palatine Rd, Arlington Heights, IL 60004
Listing Price: $2,950,000
Investment Overview
Marcus & Millichap is pleased to present Pal-Win Plaza, a major value-add opportunity in an affluent suburb of Chicago. The center is 65% occupied and anchored by Anytime Fitness. Remaining tenants include a mix of national and local businesses with long operating history, some as early as 2004. Subject property is conveniently situated on a hard corner, stoplight intersection with over 37,000 vehicles per day. There are over 130 parking spaces in the center's two parking lots. The surrounding area is affluent and densely populated with over 128,000 people living within three miles and an average household income exceeding $148,800.
Pal-Win Plaza | Value-Add | 11+ Pro Forma Cap Rate
Investment Highlights
- Value-Add Opportunity | 65% Occupied Center, Anchored by Anytime Fitness
- Opportunity to Add Value Through Leasing the Remaining 12,330 Vacant Square Feet
- Long Operating History for Tenants, Some as Early as 2004
- Hard Corner, Stoplight Intersection with High Traffic Counts
- Average Household Income within a Mile is $148,803 | 128,689 Live Within Three Miles of the Subject Property
- 0.9 Miles from Five Schools with a Combined Enrollment of 3,768 Students
- Close Proximity to Major Retail Thoroughfares and Transportation Routes
Shopping Neighborhood
Pal-Win Plaza | Value-Add | 11+ Pro Forma Cap Rate
Listing Price: $2,950,000
Investment Highlights
- Value-Add Opportunity | 65% Occupied Center, Anchored by Anytime Fitness
- Opportunity to Add Value Through Leasing the Remaining 12,330 Vacant Square Feet
- Long Operating History for Tenants, Some as Early as 2004
- Hard Corner, Stoplight Intersection with High Traffic Counts
- Average Household Income within a Mile is $148,803 | 128,689 Live Within Three Miles of the Subject Property
- 0.9 Miles from Five Schools with a Combined Enrollment of 3,768 Students
- Close Proximity to Major Retail Thoroughfares and Transportation Routes
Investment Overview
Marcus & Millichap is pleased to present Pal-Win Plaza, a major value-add opportunity in an affluent suburb of Chicago. The center is 65% occupied and anchored by Anytime Fitness. Remaining tenants include a mix of national and local businesses with long operating history, some as early as 2004. Subject property is conveniently situated on a hard corner, stoplight intersection with over 37,000 vehicles per day. There are over 130 parking spaces in the center's two parking lots. The surrounding area is affluent and densely populated with over 128,000 people living within three miles and an average household income exceeding $148,800.
