202 S Broadview St Cape Girardeau, MO 63703
Freestanding Applebee's on 1.41 acres with corporate guarantee.
Type:Retail
Property size:
5,396 SFLot size:
1.41 AcresPrice / SF:
$361/SF- Added:
- Jun 26, 2024
- Days on Market:
- 665
- Last Refresh:
- Mar 17 at 1:26 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
Building Details
- Year Built
- 1991
Listing agent Alejandro Snyder License #FL BK3386095
Listing office Current Real Estate Advisors
Listing date Jun 26, 2024
Source Crexi
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
Applebee's Corporate Guaranteed Investment
The property is a freestanding, single-tenant building of approximately 5,396 square feet, situated on a 1.41-acre parcel. The building is currently occupied by Applebee's in Cape Girardeau, MO. Applebee's Corporate assumed operations in November 2024 and executed a new 10-year Absolute NNN lease. The lease is secured by a corporate guaranty from Applebee's International, Inc., and includes two 5-year renewal options with 10% rent escalations at each renewal. The lease also features a Percentage Rent provision beginning in Year 3. The property is suitable for investors seeking stable cash flow from a publicly traded tenant.
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 - Freestanding Applebee's on 1.41 acres with corporate guarantee.
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 10‑year lease with zero landlord responsibilities, secured by Applebee's International, Inc. corporate guaranty.; New lease executed in November 2024 by Applebee's Corporate, demonstrating confidence in the location.; Potential for substantially enhanced returns through Percentage Rent provision beginning in Year 3.
