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Schnucks: Cape Girardeau, MO 19 S Kingshighway St 68,101 SF Retail Building Cape Girardeau, MO 63703 $14,328,887 CAD ($210.41 CAD/SF) 6.25% Cap Rate

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Investment Highlights

Cape Girardeau (MSA Population: 99,426) is a regional hub for healthcare, education, shopping, and entertainment for a vast area of Southern MO & IL.
Within 3-miles of the property there are 5.1 MSF of retail, 1.6 MSF of office, 1.3 MSF of industrial and 1,924 multifamily units.

The store previously underwent a full remodel and significant capital reinvestment of nearly $3.9 million.

Executive Summary

CBRE is pleased to exclusively offer for sale the 68,101-square-foot Schnucks grocery store situated on 6.18 acres in Cape Girardeau, MO. Schnucks absolute NNN lease features ±10.6 years of primary term remaining with eight, 5-year renewal options. Rent increases include a 5% increase in 2032 and 5% increases in Options 1-3, followed by no less than 5% increases in Options 4-8. See rent schedules in OM for more detail.