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Savers - Alton, IL 303 E Homer Adams Pky 18,018 SF Retail Building Alton, IL 62002 $3,100,000 ($172.05/SF) 6.97% Cap Rate
Investment Highlights
- The property is leased to TVI, Inc. (Savers / Value Village), the largest for-profit thrift-store retail operator in North America.
- The Savers Double Net (NN+) Lease has 9 years of base term remaining with 4 x 5-year options to renew.
- Lease structure limits landlord responsibility to the roof & structure on this 2005 construction.
- 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 property is strategically positioned along Homer M Adams Parkway (Illinois State Route 3), which sees 26,279 VPD at a signalized intersection.
- Situated 24 miles from downtown St. Louis, benefiting from proximity to a major metropolitan area while serving as a core retail destination.
Executive Summary
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
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
18,018 SF
Building Class
B
Year Built
2005
Price
$3,100,000
Price Per SF
$172.05
Cap Rate
6.97%
NOI
$216,216
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
1.25 AC
Zoning
C2 - Commercial
Parking
85 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Savers
- Retailer
- 18,018 SF
- $12.00
- Double Net
- Sep 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Savers | Retailer | 18,018 SF | $12.00 | Double Net | Sep 2035 |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-2-07-01-05-103-036 | Improvements Assessment | $464,750 |
| Land Assessment | $228,290 | Total Assessment | $693,040 |
Property Taxes
Parcel Number
23-2-07-01-05-103-036
Land Assessment
$228,290
Improvements Assessment
$464,750
Total Assessment
$693,040
Contacts
-
Henry Mikula -
Evan Beeson -
Austin Marsh -
Andrew Ackerman -
Sands Investment Group
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