Applebee's Corporate Guaranteed
For Sale
Contact for pricing
202 S Broadview Street, Cape Girardeau, MO 63703
Freestanding Applebee's on 1.41 acres with corporate guarantee.
Property Size5,396 SF
Lot Size1.41 Acres
Price / SF$361.38
Days on Market209
Property Features for 202 S Broadview Street
General Information
Standard status
Active
Size
5,396 SF
Total Parking Spaces
107
Lot size
1.41 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$136,787
Building Details
Year Built
1991
Year Renovated
2017
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Current Real Estate Advisors
Listed By:
Alejandro Snyder · License #FL BK3386095
(305) 783-8890
Source:
Crexi
Added: Mar 26
Changed: Oct 15
Last Checked: Oct 19 at 6:38AM
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
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,547
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,940
$1.1M
Cap Rate 7%
$779,243
$779.2K
Cap Rate 9%
$606,078
$606.1K
Market Conditions
NOI Build-Up for 5,396 SF
Gross rent
$75.8K $14.04/SF
− Vacancy
−$3.0K −$0.56/SF
EGI
$72.7K $13.48/SF
− OpEx
−$18.2K −$3.37/SF
NOI
$54.5K $10.11/SF
Area
Cape Girardeau County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,940
Cap Rate 7%
$779,243
Cap Rate 9%
$606,078
Alternative Uses
Best Use
Specialty Retail
$779.2K
$681.8K – $909.1K
NOI $54,547 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,163 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
371k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Groceries 33%
Dining 24%
Home Improvements & Furnishings 5%
Hobby Lobby
Shops & Services
56,739 visits/mo
0.2 miles
Schnucks
Groceries
49,791 visits/mo
0.3 miles
Walmart Neighborhood Market
Groceries
46,893 visits/mo
0.5 miles
Huck's
Shops & Services
28,887 visits/mo
0.3 miles
Aldi
Groceries
26,505 visits/mo
0.5 miles
Demographics for 63703, MO
8,599
Population
4,182
Households
2.1
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
12.9 sq mi
ZIP Area
667
Density / Sq Mi
$36,909
Median Household Income
$28,121
Median Earnings
$843
Median Rent
$127,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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 Street 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.
