Poplar Creek Plaza | CVS Anchored — Sale in Schaumburg, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Schaumburg, IL 60194
Photos
Investment Figures
- Cap rate
- 8.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
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. 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 Interstat
Market Context
This retail in Schaumburg, IL is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Schaumburg, IL — view the full market.
As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.
Its 8.0% asking cap rate is in line with the Chicago retail market average of about 7.9%. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- What is the typical cap rate for retail in Chicago?
- About 7.9% as of Q4 2025, per multiple brokerage reports.
- Is the Chicago retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).
Estimated Price per SF
$56.15/SF – $408.36/SF
Mid: $170.15/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Adrian Mendoza · (630) 570-2163 · adrian.mendoza@marcusmillichap.com
- Sean Sharko · (630) 570-2238 · sean.sharko@marcusmillichap.com
- Austin Weisenbeck · (630) 570-2169 · austin.weisenbeck@marcusmillichap.com
- Dean Giannakopoulos · (312) 327-5423 · dean.giannakopoulos@marcusmillichap.com
Explore this market
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