NNN leased office and warhouse 2 Properties Offered at $997,135 CAD in Savanna, IL

ParaSell, Inc. is exclusively retained to offer for sale an absolute NNN leased J.B. Sullivan Inc. Office & Warehouse, located in downtown Savanna, Illinois. ("The property") features a 7,200-square-foot office building alongside a 6,000-square-foot warehouse. The absolute NNN lease (no landlord responsibilities) has 3.5 years remaining along with four (4), 5 year option periods.
The property is strategically positioned on the eastern shore of the Mississippi River along the Illinois-Iowa border. The property benefits from excellent access to the river and the BNSF railroad running directly behind it.
Savanna is a key market for Sullivan's Foods, where the company opened its first grocery store in 1967, just down the street from the subject property. Today, Sullivan's Foods continues to operate at that original location, along with two additional retail sites in Savanna: Ace Hardware and Savanna Station Convenience Store.
In June 2023, Minnesota-based Coborn's acquired the J.B. Sullivan chain of grocery stores, which will continue operating under the Sullivan's Foods name. With this acquisition, Coborn's now manages 66 grocery stores and a total of 135 business units, including liquor stores, fuel centers, dry cleaners, pharmacies, and franchised restaurants. Coborn's grocery banners now include Sullivan's Foods, Cash Wise Foods, Marketplace Foods, Hornbacher's, and Tadych's Marketplace Foods.
In Association with ParaSell, Inc. | Costa Mesa, California | A Licensed Illinois Broker #478027307