Schnucks
Retail | 7.25% CAP | 86,675 SqFt
Marketing description
Schnucks is a family-owned, privately held grocery retailer founded in 1939 and headquartered in St. Louis, Missouri. Schnucks is the dominant grocery leader in the St. Louis metropolitan area, where it holds approximately 27% market share and generates in the range of $3.2-$3.6 billion in annual sales from its 115-store regional footprint.
Schnucks serves middle-income households, frequently with children, who prioritize fresh produce, quality meat and dairy, a broad assortment of national and private-label brands, and a pleasant shopping experience. The brand also attracts health-conscious shoppers, budget-conscious families, and customers seeking convenience and strong local community engagement. The company’s loyalty program, personalized rewards, and omnichannel tools contribute to consistent visitation and repeat business. The company is known for its community-oriented brand, multi-generational leadership, and steady, sustainable growth across its core Midwest markets
In 2025, Schnucks became part of the 1939 Group, a holding company that also includes Festival Foods and Hometown Grocers, bringing the combined portfolio to 164 stores. This consolidation strengthens Schnucks’ operational scale and long-term growth potential while maintaining its family-owned, regionally focused strategy
Investment highlights
Fortress Credit BJ’s Wholesale Club (NYSE: BJ / S&P: BB+) | $21.46 B in 2025 Revenue
- BJ’s Wholesale Club is a leading membership-only warehouse club operator on the East Coast with 280 clubs in 22 states
- Founded in 1984, BJ’s Wholesale Club has a 40+ year operational history and today has over 8+ million members (90% renewal rate)
Dominant Midwest Grocer | Schnucks Markets, Inc. (115 Stores in 5 States)
- Schnucks is a family-owned, privately held grocery chain generating approximately $3.2-3.6 B in annual sales from 115 stores in MO, IL, IN, WI, and IA
- Founded in 1939, Schnucks has an 80+ year operational history and today has grown to the 189th largest private company according to Forbes
- In 2025, Schnucks became part of the 1939 Group, strengthening Schnucks’s operational scale and longterm growth potential
Recent Lease Renewals/Extensions
- BJ’s Wholesale Club recently renewed for an additional 5 years through December 2031
- Schnucks - Normal, IL: Tenant extended for an additional 10 years through March 2036
Fixed Rental Increases | Hedge Against Inflation
- BJ’s: 5% increases in each renewal options
- Schnucks - Peoria, IL: 3% every 5 years
- Schnucks - Normal, IL: $0.50 psf every 5 years
Dense & Affluent Demographics
- BJ’s: 85,464 people with an average household income of $70,543 live within a 3 mile radius
- Schnucks - Peoria, IL: 71,009 people with an average household income of $81,420 live within a 3 mile radius
- Schnucks - Normal, IL: 53,811 people with an average household income of $88,833 live within a 3 mile radius
Strong Retail Corridors
- BJ’s: Sits directly on NY-390 (101,906 VPD), 4.3 miles from downtown Rochester, NY, and 1.4 miles from the Mall at Greece Ridge Center
- Schnucks - Peoria, IL: Situated at the intersection of W Glen Ave & N University St (43,284 VPD), 0.8 miles from the primary retail corridor at the I-74 & IL-150 interchange
- Schnucks - Normal, IL: Direct on/off ramp access via I-55 (30,508 VPD), with immediate proximity to the I-39/I-55 interchange. 1.25 miles to Illinois State University (21,994 students), and 4 miles to downtown Bloomington.
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