202 S Broadview St Cape Girardeau, MO
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Single-tenant restaurant with a new long-term lease.
Type:RETAIL
Property size:
5,396 SFLot size:
1.41 AcresPrice / SF:
$361/SF- Added:
- Sep 3, 2024
- Days on Market:
- 610
- Last Refresh:
- Apr 5 at 10:32 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
Listing agent Michael Williams License #BK3386095
Listing office Current Real Estate Advisors (305) 783-8890
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
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
- -89.5565
- Latitude
- 37.3031
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.
