303 E Homer Adams Pky - Freestanding FOR SALE


Alton, IL 62002
$3,100,000 USD
312-614-4521
303 E Homer Adams Pky, Alton, IL for Sale
$3,100,000 USD
Freestanding - FOR SALE
1/5
null | 6.97% Cap Rate

303 E Homer Adams Pky
Alton, IL 62002


HIGHLIGHTS

  • The property is leased to TVI, Inc. (Savers / Value Village), the largest for-profit thrift-store retail operator in North America.
  • Lease features a corporate guarantee from TVI, Inc, a subsidiary of NYSE-listed Savers Value Village, Inc. (SVV) with a market cap over $1.5 billion.
  • The Savers Double Net (NN+) Lease has 9 years of base term remaining with 4 x 5-year options to renew.
  • The property is strategically positioned along Homer M Adams Parkway (Illinois State Route 3), which sees 26,279 VPD at a signalized intersection.
  • Lease structure limits landlord responsibility to the roof & structure on this 2005 construction.
  • Situated 24 miles from downtown St. Louis, benefiting from proximity to a major metropolitan area while serving as a core retail destination.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 18,018 SF Savers located at 303 Homer M Adams Parkway in Alton, IL. The property is secured by a corporate-guaranteed lease from TVI, Inc. (Savers/Value Village), a subsidiary of NYSE-listed Savers Value Village, Inc. (NYSE: SVV), the largest for-profit thrift store operator in North America. The Double Net (NN+) Lease features 9 years of remaining base term with 4 x 5-year renewal options, offering investors stable long-term cash flow backed by a strong national retailer. In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

6.97%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Savers - Alton, IL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,454 SF

ZONING

C2

APN/PARCEL ID

23-2-07-01-05-103-036

ASK ABOUT THIS PROPERTY

Henry MikulaSands Investment GroupMore Info
312-614-4521

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Henry MikulaSands Investment GroupMore Info
312-614-4521

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