Freestanding Single-Tenant
For Sale
Contact for pricing
2406 William Street, Cape Girardeau, MO 63703
Freestanding single-tenant restaurant on an absolute NNN lease structure with a brand-new 10-year term.
Property Size5,030 SF
Lot Size1.01 Acres
Price / SF$397.61
Days on Market54
Property Features for 2406 William Street
General Information
Standard status
Active
Size
5,030 SF
Total Parking Spaces
75
Lot size
1.01 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Net Operating Income
$145,000
Building Details
Year Built
2004
Year Renovated
2014
Tenancy
Single
Listing Agency:
Current Real Estate Advisors
(516) 428-6050
Listed By:
Alejandro Snyder · License #FL BK3386095
Source:
Crexi
Added: Jul 3
Changed: Aug 22
Last Checked: Aug 24 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
Investment Insights
Based on property information with market context.
A freestanding, single-tenant restaurant building offering an absolute NNN lease structure, designed to impose zero landlord responsibilities. The property is a 5,030 SF building on a 1.01-acre lot and is presented as a sale-leaseback transaction, with a brand-new 10-year lease to be executed at closing. Lease terms call for 10% rental escalations every five years, along with four (4) separate five-year renewal options.
The offering is for IHOP - Cape Girardeau, located at 2406 William Street in Cape Girardeau, MO. The tenant/operator is described as a multi-concept, multi-brand operator with an established track record across franchise systems, and the remarks indicate stable, durable performance at the unit level through a favorable rent-to-sales relationship.
The offering is for IHOP - Cape Girardeau, located at 2406 William Street in Cape Girardeau, MO. The tenant/operator is described as a multi-concept, multi-brand operator with an established track record across franchise systems, and the remarks indicate stable, durable performance at the unit level through a favorable rent-to-sales relationship.
Key Highlights
- Freestanding, single‑tenant IHOP building totaling 5,030 SF on a 1.01‑acre lot in Cape Girardeau, MO
- Absolute NNN lease structure (reported as imposing zero landlord responsibilities)
- Sale‑leaseback offering with a brand‑new 10‑year lease to be executed at closing
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
457k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Dining 31%
Groceries 27%
Apparel 4%
Hobby Lobby
Shops & Services
56,739 visits/mo
0.1 miles
Schnucks
Groceries
49,791 visits/mo
0.1 miles
Walmart Neighborhood Market
Groceries
46,893 visits/mo
0.3 miles
Huck's
Shops & Services
28,887 visits/mo
0.4 miles
Culver's
Dining
28,406 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding single-tenant restaurant on an absolute NNN lease structure with a brand-new 10-year term.
Where is this conventional restaurant located?
The property is located at 2406 William Street Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Freestanding, single‑tenant IHOP building totaling 5,030 SF on a 1.01‑acre lot in Cape Girardeau, MO; Absolute NNN lease structure (reported as imposing zero landlord responsibilities); Sale‑leaseback offering with a brand‑new 10‑year lease to be executed at closing
