Applebee's | 202 S Broadview St
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Applebee's 202 S Broadview St
4,447 SF Retail Building Cape Girardeau, MO 63703 $1,875,000 ($422/SF) 8% 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 located on a 1.41 Acre lot in Cape Girardeau, MO. The Property will have an absolute NNN lease executed at COE with Zero Landlord responsibilities and can be acquired individually or as a portfolio.
This Sale-Leaseback offering includes a brand new 7.5 year lease with attractive 10% bumps every 5 years (first bump in 2027). Further, the lease will also include 4, 5- year Options – demonstrating the operator’s commitment to the location.
Ownership are proven operators that have successfully owned and managed dozens of Applebee’s locations (as well as Burger King, Pizza Hut, TGIF, and IHOPs). They have gained national recognition and have received various awards for their highly successful operating strategy.
This offering presents a unique opportunity for an astute investor to acquire strategically distributed real estate throughout the Midwest or to handpick their desired location(s) for individual acquisitions, from an assortment of assets with long-term stability and stable cash flow from a resilient operator.
This Sale-Leaseback offering includes a brand new 7.5 year lease with attractive 10% bumps every 5 years (first bump in 2027). Further, the lease will also include 4, 5- year Options – demonstrating the operator’s commitment to the location.
Ownership are proven operators that have successfully owned and managed dozens of Applebee’s locations (as well as Burger King, Pizza Hut, TGIF, and IHOPs). They have gained national recognition and have received various awards for their highly successful operating strategy.
This offering presents a unique opportunity for an astute investor to acquire strategically distributed real estate throughout the Midwest or to handpick their desired location(s) for individual acquisitions, from an assortment of assets with long-term stability and stable cash flow from a resilient operator.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,447 SF
Building Class
B
Year Built/Renovated
1991/2017
Price
$1,875,000
Price Per SF
$422
Cap Rate
8%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
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
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Alejandro Snyder -
Michael Williams -
Current Real Estate Advisors
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Applebee's | 202 S Broadview St
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