202 S Broadview St Cape Girardeau, MO 63703
Single-tenant restaurant with a new long-term lease.
Property size:
5,396 SFLot size:
1.41 AcresProperty Features for 202 S Broadview St
General Information
- Size
- 5,396 SF
- Lot size
- 1.41 Acres
Source:
Moodyscre
Listing 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Applebee's Grill + Bar
Restaurant
Location Insight
- Map
- Local Demand
- City
- Cape Girardeau
- County
- Cape Girardeau
- State
- Missouri
- Longitude
- -89.5564896
- Latitude
- 37.3030981
Nearby Similar for Sale
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.