2920-3020 W Euclid Ave, Arlington Heights, IL 60005

The subject property is located at 2920-3020 W. Euclid Road in Arlington Heights, a northwest suburb of Chicago (approximately 25 miles from Downtown). The Esplanade at Arlington Heights has excellent visibility to over 25,000 vehicles per day traveling on Euclid Avenue. The development is a half mile west of IL Route 53 which sees over 154,000 vehicles daily and is the main access route to Arlington Park International Racecourse which is adjacent to the Esplanade. Arlington Park International Racecourse, described as "the most beautiful horse track in America" which seats over 50,000 spectators and can stable over 2,000 horses acting as a massive traffic generator for the shopping center. In addition, there are multiple office developments in very close proximity to the Esplanade along with the Arlington Downs redevelopment of a former Sheridan hotel which now consists of 214 luxury apartment units with an outstanding occupancy rate of 95%. Also, enhancing the traffic to the development is the brand new state of the art new construction Westgate Dental Care center that is opening this month. The demographics surrounding the site with a strong median income of over $84,000 annually and a population of nearly 120,000 within three miles of the development.