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For sale
Conventional restaurants
MO
Cape Girardeau
202 S Broadview St

Freestanding Restaurant in Cape Girardeau

202 S Broadview St, Cape Girardeau, MO

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For Sale

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

Type:RETAIL

Property size:

5,396 SF

Lot size:

1.41 Acres

Price / SF:

$361/SF

HighLights

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.
Located on a 1.41‑acre lot.
Proven and successful operator with a strong track record managing multiple restaurant brands.
Freestanding ±5,396 SF single‑tenant building.

We can help!

Listing Contact

Michael Williams

For Sale

Contact for pricing

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

Type:RETAIL

Property size:

5,396 SF

Lot size:

1.41 Acres

Price / SF:

$361/SF

Added:: Sep 3, 2024
Days on Market:: 657
Last Refresh:: May 20 at 9:38 pm

Property Features for 202 S Broadview St

General Information

Standard status: Active
Size: 5,396 SF
Lot size: 1.41 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Michael Williams

Listing agent Alejandro Snyder License #FL SL3456361

Listing office Current Real Estate Advisors

Listing date Sep 3, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Current Real Estate Advisors

HighLights

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.
Located on a 1.41‑acre lot.
Proven and successful operator with a strong track record managing multiple restaurant brands.
Freestanding ±5,396 SF single‑tenant building.

Overview

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 Location Intelligence

Current Use by Public Records

Applebee's Grill + Bar Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Cape Girardeau
County: Cape Girardeau
State: Missouri
Longitude: -89.5565
Latitude: 37.3031

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For sale
Conventional restaurants
MO
Cape Girardeau
202 S Broadview St

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.

202 S Broadview St, Cape Girardeau, MO

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

Property Features for 202 S Broadview St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Warehouse with Showroom and Shop Space

Turnkey Sports Bar & Restaurant

Renovated Mid-Century Office Building

Versatile Commercial Space in Cape Girardeau

Renovated Commercial Building in Cape Girardeau

Versatile Commercial Building in Missouri

Residential Income Property with Shop

Updated Office Building For Sale

Versatile Riverfront Commercial Property

Versatile Commercial Property For Sale

Fully Leased 12-Unit Multifamily Investment

Broadway Commercial Opportunity

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