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Schnucks 19 S Kingshighway St 68,101 SF Retail Building Cape Girardeau, MO 63703 $13,538,889 CAD ($198.81 CAD/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Part of the larger Schnucks Portfolio (8 Assets in MO & IL) - Seller is highly encouraging individual and portfolio offers
Previously underwent a full remodel and significant capital reinvestment of nearly $3.9M
The property benefits from 4-points of ingress/egress and unrestricted visibility from the thoroughfares

Located roughly midway between St. Louis, MO & Memphis, TN
Located at the fully signalized intersection of Kingshighway and William Street - which serve as the two primary thoroughfares within Cape Girardeau.
Cape Girardeau-Jackson, MO-IL MSA (MSA Population: 98,731+)

EXECUTIVE SUMMARY

The CBRE Net Lease Property Group is pleased to offer for sale the 68,101-square-foot Schnucks grocery store positioned on 6.18 acres in Cape Girardeau, MO — part of the St. Louis MSA (MSA Population: 2.82M+). Schnucks absolute NNN lease has ±11.5 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options. The property is part of the larger Schnucks Portfolio, which consists of eight assets in Missouri and Illinois. The seller is highly encouraging individual and portfolio offers.