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Poplar Creek Plaza 1801-1861 W Golf Rd 63,766 SF 100% Leased Retail Building Schaumburg, IL 60194 $10,850,000 ($170.15/SF) 8% Cap Rate
Investment Highlights
- 100% occupied center with long-standing tenants | 15.48-Year weighted average tenant tenure
- 17 out of 19 tenants have rental increases in-place ranging from 2-35%
- Strategically located at a heavily traveled signalized, hard-corner intersection (38,900 VPD)
- New 5-Year CVS Extension | Three new leases 5-10 year leases
- 2.3 miles from the on/off ramp of Interstate-90 which sees 162,200 vehicles per day
- 98,577 people live and 80,459 people work within a three-mile radius of the subject property
Executive Summary
Investors are offered the opportunity to acquire Poplar Creek Plaza, a 63,766 square foot CVS anchored shopping center located in one of the most desired Chicagoland suburbs of Schaumburg, IL. CVS has occupied their space for 25 years and recently exercised another 5 year option period at the contractually stated rental increase. The center boasts a 15.48-year weighted average tenant tenure, supported by long-standing co-tenants including Darumar Japanese Restaurant (40+ years), H&R Block (30+ years), Lens n Specs Optometry (29+ years), and LA Tan (22+ years).
The center has demonstrated strong recent leasing momentum, with Vida Dental executing a 10-year lease in 2024, Choice Indian Restaurant and Rajeshree Grocers each signing 7-year leases in 2024, Chai Corner and Hair Horizons Salon each executing 5-year leases and Fiber Lift Center executing a 4-year lease in 2025. Fifteen of the nineteen tenants carry in-place rent escalations ranging from 2% to 8% while two of the tenants carry a 16% and 35% rent increase in their base lease term.
The property is situated at the signalized, hard-corner intersection of W Golf Road (35,100 VPD) and N Walnut Lane (3,800 VPD), generating a combined daily traffic volume of 38,900 vehicles. The center is 0.7 miles from W Higgins Road (28,200 VPD) and 2.3 miles from the Interstate 90 interchange (162,200 VPD), providing strong regional visibility and accessibility. Poplar Creek Plaza serves a dense and affluent trade area, supported by 98,577 residents and 80,459 daytime employees within a 3-mile radius, along with an average household income of $128,124 within 5 miles.
The center has demonstrated strong recent leasing momentum, with Vida Dental executing a 10-year lease in 2024, Choice Indian Restaurant and Rajeshree Grocers each signing 7-year leases in 2024, Chai Corner and Hair Horizons Salon each executing 5-year leases and Fiber Lift Center executing a 4-year lease in 2025. Fifteen of the nineteen tenants carry in-place rent escalations ranging from 2% to 8% while two of the tenants carry a 16% and 35% rent increase in their base lease term.
The property is situated at the signalized, hard-corner intersection of W Golf Road (35,100 VPD) and N Walnut Lane (3,800 VPD), generating a combined daily traffic volume of 38,900 vehicles. The center is 0.7 miles from W Higgins Road (28,200 VPD) and 2.3 miles from the Interstate 90 interchange (162,200 VPD), providing strong regional visibility and accessibility. Poplar Creek Plaza serves a dense and affluent trade area, supported by 98,577 residents and 80,459 daytime employees within a 3-mile radius, along with an average household income of $128,124 within 5 miles.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
63,766 SF
Building Class
B
Year Built
1989
Price
$10,850,000
Price Per SF
$170.15
Cap Rate
8%
NOI
$867,661
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
6.97 AC
Zoning
B-2
Parking
265 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
2,600 SF well-suited for retail, medical, and office uses Easy access to signalized intersection at Golf Road (24,000 VPD) CVS anchored shopping center Cam/Tax: $10SF
| Space | Size | Space Use | Position | Available |
| 1837 | 2,600 SF | Retail | In-Line | Now |
1837
| Size |
| 2,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1837
| Size | 2,600 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
2,600 SF well-suited for retail, medical, and office uses Easy access to signalized intersection at Golf Road (24,000 VPD) CVS anchored shopping center Cam/Tax: $10SF
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-17-117-001-0000 | Improvements Assessment | $395,422 |
| Land Assessment | $1,366,578 | Total Assessment | $1,762,000 |
Property Taxes
Parcel Number
07-17-117-001-0000
Land Assessment
$1,366,578
Improvements Assessment
$395,422
Total Assessment
$1,762,000
Contacts
-
Adrian Mendoza -
Sean Sharko -
Austin Weisenbeck -
Sharko | Weisenbeck | Mendoza Group
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Poplar Creek Plaza | 1801-1861 W Golf Rd
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