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Irreplaceable Super Regional Retail Center 1293 E Higgins Rd 77,733 SF 100% Leased Retail Building Schaumburg, IL 60173 $20,055,365 ($258.00/SF) 6.50% Cap Rate



INVESTMENT HIGHLIGHTS
- 10.83-year weighted average lease term (WALT) | 100% occupied retail center
- Kohl’s with Sephora signed a 15-year lease in 2023 | Salon Lofts and Veterinary Emergency Group signed 10-year leases in 2024
- Located at a signalized intersection in a heavily traveled area | 71,400 vehicles per day
- The new construction U.S. Bank operates under a ground lease | U.S. Bank signed a 10-year lease in 2025
- This Kohl’s ranks in the top 17% of locations nationwide by visits | Year-over-year increased sales and visit performance (Placer.ai)
- Extremely affluent demographic in a growing trade area | Average household income of $147,821
EXECUTIVE SUMMARY
This 100% occupied retail center is anchored by a top-performing Kohl’s and located within Chicagoland’s premier retail corridor. With each tenant on a 10+ year lease, the property boasts a weighted average lease term of 10.38 years, providing long-term, stable income. Positioned at the signalized intersection of Higgins and Meacham Roads—experiencing over 71,000 vehicles per day—the center offers excellent visibility and access. It is located within a community shopping center, the most visited center of like size and tenants within a 10-mile radius, and is surrounded by top-ranked retailers including Woodfield Mall, the most visited mall in Illinois with 15.1 million annual visitors. Kohl’s, the anchor tenant, continues to show year-over-year increases in both sales and foot traffic per Placer.ai, and is currently leased at a low, replaceable rent of $12.17 per square foot—well below the area average of $18.46 per square foot for comparable spaces. The center is being offered below replacement cost at $258.00 per square foot, further enhancing its appeal as a stable, high-performing investment. It is located in a dense and affluent trade area, with an average household income of $147,821 and a daytime population exceeding 150,000 within a three-mile radius.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
77,733 SF
Building Class
C
Year Built/Renovated
1996/2023
Price
$20,055,365
Price Per SF
$258.00
Cap Rate
6.50%
NOI
$1,304,579
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
6.66 AC
Zoning
B-2, Schaumburg
Parking
379 Spaces (4.88 Spaces per 1,000 SF Leased)
Frontage
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $984,856 | |
| Land Assessment | $1,060,221 | Total Assessment | $2,045,077 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,060,221
Improvements Assessment
$984,856
Total Assessment
$2,045,077
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Irreplaceable Super Regional Retail Center | 1293 E Higgins Rd
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