1293 E Higgins Rd - Storefront FOR SALE


Schaumburg, IL 60173- Far Northwest Suburban Cook
$20,055,365 USD
630-570-2238
1293 E Higgins Rd, Schaumburg, IL for Sale
$20,055,365 USD
Storefront - FOR SALE
1/11
null | 6.5% Cap Rate

1293 E Higgins Rd
Schaumburg, IL 60173
Far Northwest Suburban Cook


HIGHLIGHTS

  • 10.83-year weighted average lease term (WALT) | 100% occupied retail center
  • The new construction U.S. Bank operates under a ground lease | U.S. Bank signed a 10-year lease in 2025
  • Kohl’s with Sephora signed a 15-year lease in 2023 | Salon Lofts and Veterinary Emergency Group signed 10-year leases in 2024
  • This Kohl’s ranks in the top 17% of locations nationwide by visits | Year-over-year increased sales and visit performance (Placer.ai)
  • Located at a signalized intersection in a heavily traveled area | 71,400 vehicles per day
  • Extremely affluent demographic in a growing trade area | Average household income of $147,821

OVERVIEW

This 100% occupied retail center is anchored by a top-performing Kohl’s and located within Chicagoland’s premier retail corridor. With each tenant on a 10+ year lease, the property boasts a weighted average lease term of 10.38 years, providing long-term, stable income. Positioned at the signalized intersection of Higgins and Meacham Roads—experiencing over 71,000 vehicles per day—the center offers excellent visibility and access. It is located within a community shopping center, the most visited center of like size and tenants within a 10-mile radius, and is surrounded by top-ranked retailers including Woodfield Mall, the most visited mall in Illinois with 15.1 million annual visitors. Kohl’s, the anchor tenant, continues to show year-over-year increases in both sales and foot traffic per Placer.ai, and is currently leased at a low, replaceable rent of $12.17 per square foot—well below the area average of $18.46 per square foot for comparable spaces. The center is being offered below replacement cost at $258.00 per square foot, further enhancing its appeal as a stable, high-performing investment. It is located in a dense and affluent trade area, with an average household income of $147,821 and a daytime population exceeding 150,000 within a three-mile radius.

FOR SALE DETAILS

PRICE

$20,055,365 USD

PRICE/SF

$281 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Irreplaceable Super Regional Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

379

LAND DETAILS

LAND ACRES

6.66 AC

LAND SF

290,110 SF

ZONING

B-2, Schaumburg

APN/PARCEL ID

07-13-306-008-0000,07-13-306-009-0000

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.