Ace Hardware - Savanna, IL

SHOP Companies has been exclusively retained to offer for sale the free-standing Savanna Home & Hardware ACE store in Savanna, Illinois. The property is subject to a new, 15-year absolute net lease to J.B. Sullivan, LLC. The store benefits from low rent ($3.00 psf), strong sales, and low rent-to-sales ratio. ACE Hardware is a downtown location, only a half-mile away from its operator, J.B. Sullivan’s corporate office and regional distribution center. The subject property is also the only hardware store within a 10-Mile radius of Savanna.

In June 2023, Coborn’s (MN) acquired the J.B. Sullivan chain of grocery and hardware stores. With the acquisition of J.B. Sullivan’s, Coborn’s now operates a total of 135 business units, including hardware stores, liquor stores, fuel centers, drycleaners, pharmacies, and franchised restaurants.