Poplar Creek Plaza | New 5-Year CVS Extension
15.48 Weighted AVG Tenant Tenure | Retail | 8.00% CAP
Marketing 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
- Poplar Creek Plaza is anchored by long-standing tenants | 15.48-year weighted average tenant tenure: CVS has been operating here since 2001 and has 7, 5-year renewal options; Darumar Japanese Restaurant has been operating here since 1985; H&R Block has been operating here since 1995; LA Tan has been operating here since 2004 and has 1, 7-year renewal option; Lens n Specs Optometry has been operating here since 1997
- New leasing momentum: Chai Corner & Hair Horizon signed 5-year leases in 2025; Choice Indian Restaurant & Rajeshree Grocers signed 7-year leases in 2024; Vida Dental signed a 10-year lease in 2024
- 17 out of 19 tenants have rental increases in-place ranging from 2-35%
- Strategically located at a heavily traveled signalized, hard-corner intersection
- Situated at the signalized, hard-corner intersection of Golf Road and N Walnut Lane which sees a combined traffic volume of 38,900 vehicles per day
- 0.7 miles from W Higgins Road which sees 28,200 vehicles per day
- 2.3 miles from the on/off ramp of Interstate-90 which sees 162,200 vehicles per day
- Strong surrounding drivers
- Across the street from Bridges of Poplar Creek Country Club which attracts 80.6K annual visitors
- Across the street from Seascape Family Aquatic Center which attracts 52.7K annual visitors
- 0.5 miles from two major senior living communities | 175 total units
- 0.9 miles from Hoffman Village Shopping Center which ranks in the top 28% of shopping centers nationwide by visits | Attracts 1.8 million annual visitors; Notable tenants include Mariano's, Goodwill, Fannie May and Anytime Fitness
- 1 mile from Ascension Saint Alexius Hospital which has 318-beds
- Acura, Toyota, Infiniti, Subaru, Audi, Land Rover, Mercedes-Benz, and Jaguar have dealerships within 1.4 miles of the subject property
- Extremely dense trade area with an affluent demographic
- 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 Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
