Savers – Alton, IL

Savers
303 Homer M Adams Pkwy, Alton, IL 62002, USA

Sands Investment Group is pleased to exclusively offer for sale the 18,018 SF Savers NN Asset 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.

  • Strong Tenancy: The property is leased to TVI, Inc. (Savers / Value Village), the largest for-profit thrift-store retail operator in North America, with over 370 locations.
  • Corporate Credit: 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.
  • Long-Term Cash Flow: The Savers Double Net (NN+) Lease has 9 years of base term remaining with 4 x 5-year options to renew.
  • Excellent Visibility: The property is strategically positioned along Homer M Adams Parkway (Illinois State Route 3), which sees 26,279 VPD at a signalized intersection within Alton Corners, a well-established retail corridor anchored by Lowe’s, Petco, DaVita, and Applebee’s, which draws consistent regional traffic.
  • Limited Landlord Responsibility: Lease structure limits landlord responsibility to the roof & structure on this 2005 construction.
  • Regional Demand: Situated 24 miles from downtown St. Louis, benefiting from proximity to a major metropolitan area while serving as a core retail destination for the greater Alton area.

 

In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429

Savers
303 Homer M Adams Pkwy, Alton, IL 62002, USA

Savers

Savers Value Village, Inc. (NYSE: SVV) is the largest for-profit thrift retailer in North America, operating under brands including Savers, Value Village®, Unique®, and 2nd Ave.® across the United States, Canada, and Australia. Founded in 1954, the company partners with thousands of nonprofit organizations to purchase donated goods, extending the lifecycle of reusable clothing and household items while supporting local communities. With approximately 370 stores, nearly 24,000 employees, and approximately $1.7 billion in annual net sales, Savers Value Village is a leading retailer in the growing reuse economy.

Price

$3,100,000

Cap Rate

6.97%

PREMISES

18,018 SF

YEAR BUILT

2005

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

09/30/2035

Lease Type

NN

RENTAL INCREASES

10% Every 5 Years

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