Freestanding Single-Tenant
2406 William Street Cape Girardeau, MO 63703
Freestanding single-tenant restaurant on an absolute NNN lease structure with a brand-new 10-year term.
Type:Retail
Property size:
5,030 SFLot size:
1.01 AcresPrice / SF:
$397/SF- Added:
- Jul 3, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 9 at 1:56 am
Property Features for 2406 William Street
General Information
- Standard status
- Active
- Size
- 5,030 SF
- Lot size
- 1.01 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2004
Listing office Current Real Estate Advisors (305) 783-8890
Listing date Jul 3, 2026
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
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
Location Intelligence
Current Use by Public Records
TenderFix by Noah ...
Restaurant
IHOP
Restaurant
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FAQs
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
