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303 E Homer Adams Pky
Alton, IL 62002

$3,100,000 USD

Freestanding For Sale  •  18,018 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 18,018 SF
  • Lot Size 1.25 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 6.97 %
  • Tenancy Single
  • Zoning C2
30 Transit Score
40 Walk Score

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.
Cap Rate: 6.97 %

Major Tenants

Tenant SF Occupied Lease End Date
Savers 18,018 SF 9/30/2035

Amenities

  • Signage
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.3 mi
AirportDriveWalkDistance
St Louis Lambert International 32 min - 21.3 mi
Scott AFB/Midamerica St Louis 66 min - 45.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 85
Type: Surface
Included in Rent: Yes
Henry Mikula 312-614-4521 Sands Investment Group
Henry Mikula 312-614-4521 Sands Investment Group