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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

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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.

DATA ROOM Click Here to Access

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
326’ on N Higgins Rd
Bike Score®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
Chase Bank
Wildfire
Fifth Third Bank
Benihana
Tilted Kilt
Roti
Seasons 52
Big Bowl Chinese and Thai
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 07-13-306-008-0000
  • 07-13-306-009-0000
Land Assessment
$1,060,221
Improvements Assessment
$984,856
Total Assessment
$2,045,077
  • Listing ID: 38319567

  • Date on Market: 11/4/2025

  • Last Updated:

  • Address: 1293 E Higgins Rd, Schaumburg, IL 60173

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