Sikeston NNN Properties For Sale

More details for 202 S Broadview St, Cape Girardeau, MO - Retail for Sale

NNN Corporate Applebee's - 202 S Broadview St

Cape Girardeau, MO 63703

NNN Property
Retail for Sale
$2,687,061 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

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NNN Property for Sale within 50 kilometers of Sikeston, MO, USA

Cape Girardeau Retail for Sale

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