202 Broadview St Cape Girardeau, MO 63703
Missouri Applebee's: 8% Cap Rate, NNN Lease
Property size:
5,396 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 361
Property Features for 202 Broadview St
General Information
- Property type
- Restaurants
- Square Feet
- 5,396 SF
- Lot Size
- 61,420 SF
Building Details
- Year Built/Renovated
- 1991/2017
- Buildings
- 1
- Stories
- 1
- Units
- 1
HighLights
- Fee‑simple, single‑tenant Applebee's in Cape Girardeau, MO. 5,396 SF building on a 1.41‑acre lot at 202 S Broadview St, 63703.
- New absolute NNN lease with zero landlord responsibilities; 7.1‑year term with 10% rent bumps at 2.5 years and every 5 years thereafter, plus four and five‑year options.
- Prime location near I‑55 and West Park Mall, ensuring high visibility and traffic.
- Strong NOI of $150,000, 8.00% cap rate, $347.48 price per SF; Asking price: $1,875,000.
Current Use by Public Records
Applebee's Grill + Bar
Restaurant
Location Insight
- Map
- Local Demand
- City
- Cape Girardeau
- County
- Cape Girardeau
- State
- Missouri
- Longitude
- -89.556733459009
- Latitude
- 37.302996574941
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Missouri Applebee's: 8% Cap Rate, NNN Lease
Where is this restaurant located?
The property is located at 202 Broadview St Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Fee-simple, single-tenant Applebee's in Cape Girardeau, MO. 5,396 SF building on a 1.41-acre lot at 202 S Broadview St, 63703.; New absolute NNN lease with zero landlord responsibilities; 7.1-year term with 10% rent bumps at 2.5 years and every 5 years thereafter, plus four and five-year options.; Prime location near I-55 and West Park Mall, ensuring high visibility and traffic.
