Shopping Neighborhood
Poplar Creek Plaza | CVS Anchored
1801 W Golf Rd, Schaumburg, IL 60194
Listing Price: $10,850,000
Investment Overview
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.
Poplar Creek Plaza | CVS Anchored
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%
- Three new leases 5-10 year leases
- Strategically located at a heavily traveled signalized, hard-corner intersection (38,900 VPD)
- 2.3 miles from the on/off ramp of Interstate-90 which sees 162,200 vehicles per day
- Across the street from Bridges of Poplar Creek Country Club which attracts 80.6K annual visitors1
- 98,577 people live and 80,459 people work within a three-mile radius of the subject property
- Average household income of $128,124 within a five-mile radius of the subject property
Listing Price: $10,850,000
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%
- Three new leases 5-10 year leases
- Strategically located at a heavily traveled signalized, hard-corner intersection (38,900 VPD)
- 2.3 miles from the on/off ramp of Interstate-90 which sees 162,200 vehicles per day
- Across the street from Bridges of Poplar Creek Country Club which attracts 80.6K annual visitors1
- 98,577 people live and 80,459 people work within a three-mile radius of the subject property
- Average household income of $128,124 within a five-mile radius of the subject property
Investment Overview
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.
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