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    202 S Broadview St Cape Girardeau, MO 63703

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    For Sale
    $1,950,000

    Single-tenant restaurant with a new long-term lease.

    Property size:
    5,396 SF
    Lot size:
    1.41 Acres

    Property Features for 202 S Broadview St

    General Information

    Size
    5,396 SF
    Lot size
    1.41 Acres

    Source: Current Real Estate Advisors Agent Michael Williams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Restaurant in Cape Girardeau

    The property is a freestanding, single-tenant building of approximately 5,396 square feet, situated on a 1.41-acre lot in Cape Girardeau, Missouri. It is currently operating as an Applebee's restaurant. A new 7.5-year absolute NNN lease will be executed at the close of escrow, offering zero landlord responsibilities. The lease includes 10% rent increases every 5 years, with the first increase scheduled for 2027. The lease also contains four 5-year renewal options. The property can be acquired individually or as part of a portfolio. The current ownership are experienced operators with a history of owning and managing numerous Applebee's locations, as well as other restaurant franchises. This property offers an opportunity to acquire real estate with long-term stability and stable cash flow.
    Insight Report Location Intelligence

    Current Use by Public Records

    Applebee's Grill + Bar Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Girardeau
    County
    Cape Girardeau
    State
    Missouri
    Longitude
    -89.5564896
    Latitude
    37.3030981

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    FAQs

    What type of property is this?
    Conventional restaurant - Single-tenant restaurant with a new long-term lease.
    Where is this conventional restaurant located?
    The property is located at 202 S Broadview St Cape Girardeau, MO.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Absolute NNN lease with zero landlord responsibilities at closing.; - New 7.5-year lease with 10% rent increases every 5 years.; - Four 5-year lease renewal options, demonstrating operator commitment.
    (305) 783-8890
    Request Owner's contact information
    202 S Broadview St Cape Girardeau, MO 63703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 S Broadview St Cape Girardeau, MO 63703
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