IHOP SLB - 24/7 Location - 2406 William St

Cape Girardeau, MO 63703

• NNN Property
• Retail for Sale
• $2,813,460 CAD
• 5,030 SF

• Air Conditioning
• Restaurant

Cape Girardeau Retail for Sale

Current Real Estate Advisors is pleased to present the opportunity to acquire IHOP - Cape Girardeau (the "Property"), a freestanding, single-tenant ±5,030 SF building located on a 1.01 acre lot in Cape Girardeau, MO. The Property benefits from an Absolute NNN lease, imposing zero landlord responsibilities and delivering a fully passive income stream. This asset is part of a Portfolio (see Page 3 for details) and may be acquired separately or together. This offering is structured as a Sale-Leaseback transaction, with a brand-new 10-year lease to be executed at closing, featuring 10% rental escalations every five years and 4, 5-year renewal options—reflecting the operator's long-term commitment to and confidence in this location. The Tenant is a proven, multi-concept operator with an established track record across multiple brands and franchise systems. The Property is a strong performer, evidenced by healthy unit-level sales and a favorable Rent-to-Sales ratio—underscoring the durability and resilience of the underlying cash flow. IHOP - Cape Girardeau represents a compelling opportunity to acquire income-producing real estate within established Midwest market, backed by a committed operator and underpinned by a stable, long-term passive income stream.

Contact:

Current Real Estate Advisors

Property Subtype:

Restaurant

Date on Market:

2026-07-17

Hide

See More

Schnucks: Cape Girardeau, MO - 19 S Kingshighway St

Cape Girardeau, MO 63703

• NNN Property
• Retail for Sale
• $14,326,139 CAD
• 68,101 SF

Cape Girardeau Retail for Sale

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.

Contact:

CBRE

Property Subtype:

Storefront

Date on Market:

2026-05-26

Hide

See More

Applebee's Corporate (NYSE: DIN) - 202 S Broadview St

Cape Girardeau, MO 63703

• NNN Property
• Retail for Sale
• $2,743,124 CAD
• 5,396 SF

Cape Girardeau Retail for Sale

Current Real Estate Advisors is pleased to present the opportunity to acquire Applebee’s – Cape Girardeau (the “Property”), a freestanding ±5,396 SF single-tenant building situated on a 1.41-acre parcel in Cape Girardeau, MO. In November 2024, Applebee’s Corporate assumed operations and executed a brand-new Absolute NNN 10-year lease, underscoring their confidence in the location and its strong performance. The lease is secured by a corporate guaranty from Applebee’s International, Inc., offering zero landlord responsibilities and featuring 2, 5-Year renewal options with 10% rent escalations at each renewal. Additionally, the lease includes a Percentage Rent provision beginning in Year 3, providing potential for substantially enhanced returns. This rare Applebee’s Corporate backed location represents a compelling opportunity for investors seeking stable, reliable cash flow from a well-established, publicly traded tenant. With strong real estate fundamentals, this offering provides immediate security and a rare prospect for meaningful future upside.

Contact:

Current Real Estate Advisors

Property Subtype:

Restaurant

Date on Market:

2024-06-26

Hide

See More

Hardee's - 421 E Jackson Blvd

Jackson, MO 63755

• NNN Property
• Retail for Sale
• $1,699,798 CAD
• 3,000 SF

Jackson Retail for Sale

Outstanding opportunity to acquire a Hardee’s in Jackson, Missouri on a brand-new 15-year absolute NNN lease with one of the system’s strongest operators. The tenant is a highly experienced 150+ unit Hardee’s franchisee, providing exceptional credit stability and long-term income security. The property sits in a high-traffic corridor within the Cape Girardeau MSA, surrounded by national retailers, schools, and major employers. This is a passive, low-maintenance asset backed by a proven operator and a durable national brand—ideal for 1031 buyers and long-term net lease investors.

Contact:

Dash Commercial Real Estate Advisors

Property Subtype:

Fast Food

Date on Market:

2026-02-09

Hide

See More