CVS-Anchored Shopping
1801-1861 W Golf Road Schaumburg, IL 60194
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1801-1861 W Golf Road, Schaumburg, IL, 60194
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CVS-anchored shopping center at a signalized corner with reported high traffic volumes on major roadways.
Property Size63,766 SF
Price / SF$170.15
Days on Market5
Property Features for 1801-1861 W Golf Road
General Information
- Standard status
- Active
- Size
- 63,766 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing Agency
Marcus & Millichap SWM Group
Listed by
Sean Sharko · License #IL 471.010712
Source
Crexi
Added: Jul 16 Checked: Jul 19 at 2:26 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap SWM Group
Investment Insights
Based on property information with market context.
Poplar Creek Plaza is a CVS-anchored shopping center totaling 63,766 square feet. CVS has occupied its space for 25 years and recently exercised an additional 5-year option period, reflecting a contractually stated rental increase. The property is supported by a 15.48-year weighted average tenant tenure, with long-standing co-tenants including Darumar Japanese Restaurant, H&R Block, Lens n Specs Optometry, and LA Tan.
The center is located at a signalized, hard-corner intersection of W Golf Road and N Walnut Lane, with reported daily traffic volumes of 35,100 VPD on W Golf Road and 3,800 VPD on N Walnut Lane. Additional access and visibility are supported by proximity to W Higgins Road and the Interstate 90 interchange.
Recent leasing activity includes Vida Dental executing a 10-year lease in 2024, Choice Indian Restaurant and Rajeshree Grocers signing 7-year leases in 2024, Chai Corner and Hair Horizons Salon executing 5-year leases, and Fiber Lift Center executing a 4-year lease in 2025. Fifteen of the nineteen tenants have in-place rent escalations ranging from 2% to 8%, with two tenants carrying 16% and 35% base lease term increases.
The center is located at a signalized, hard-corner intersection of W Golf Road and N Walnut Lane, with reported daily traffic volumes of 35,100 VPD on W Golf Road and 3,800 VPD on N Walnut Lane. Additional access and visibility are supported by proximity to W Higgins Road and the Interstate 90 interchange.
Recent leasing activity includes Vida Dental executing a 10-year lease in 2024, Choice Indian Restaurant and Rajeshree Grocers signing 7-year leases in 2024, Chai Corner and Hair Horizons Salon executing 5-year leases, and Fiber Lift Center executing a 4-year lease in 2025. Fifteen of the nineteen tenants have in-place rent escalations ranging from 2% to 8%, with two tenants carrying 16% and 35% base lease term increases.
Key Highlights
- 63,766 SF CVS‑anchored shopping center, built in 1989
- CVS occupied for 25 years and exercised an additional 5‑year option period with contractually stated rental increases
- Long tenant tenure: 15.48‑year weighted average, including co‑tenants such as H&R Block (30+ years) and Lens n Specs Optometry (29+ years)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.38M | $21.60 |
| − Vacancy | −$112.9k | −$1.77 |
| EGI | $1.26M | $19.83 |
| − OpEx | −$379.3k | −$5.95 |
| NOI | $885.1k | $13.88 |
63,766 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$12.64M
$11.06M – $14.75M
NOI $885,082 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.02M
$19.26M – $25.68M
NOI $1,541,084 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Schaumburg Shopping Center — 2375 Bode Rd, Schaumburg, IL 60194
- Poplar Creek Plaza — 1855 W Golf Rd, Schaumburg, IL 60194
FAQs
What type of property is this?
Shopping center - CVS-anchored shopping center at a signalized corner with reported high traffic volumes on major roadways.
Where is this shopping center located?
The property is located at 1801-1861 W Golf Road Schaumburg, IL.
What is the asking price?
The asking price for this property is $10,850,000.
What are key features of this property?
This property features: 63,766 SF CVS‑anchored shopping center, built in 1989; CVS occupied for 25 years and exercised an additional 5‑year option period with contractually stated rental increases; Long tenant tenure: 15.48‑year weighted average, including co‑tenants such as H&R Block (30+ years) and Lens n Specs Optometry (29+ years)
