Applebee's | 202 S Broadview St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Applebee's 202 S Broadview St
5,396 SF Retail Building Cape Girardeau, MO 63703 $2,100,000 ($389/SF) 6.51% Cap Rate
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
5,396 SF
Building Class
B
Year Built
1991
Price
$2,100,000
Price Per SF
$389
Cap Rate
6.51%
NOI
$136,787
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.41 AC
Zoning
Mid City Business Centre - Mid City Business Centre
Parking
107 Spaces (19.83 Spaces per 1,000 SF Leased)
Frontage
189 FT on South Broadview Street
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 20-307-00-14-00100-0000 | Improvements Assessment | $148,410 |
| Land Assessment | $74,640 | Total Assessment | $223,050 |
PROPERTY TAXES
Parcel Number
20-307-00-14-00100-0000
Land Assessment
$74,640
Improvements Assessment
$148,410
Total Assessment
$223,050
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Applebee's | 202 S Broadview St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.