Tiktin Real Estate Investment Services is proud to present this Applebee’s restaurant located at 202 S Broadview Street in Cape Girardeau, Missouri. The restaurant was built in 1991 and completely renovated in 2013. This 5,396 SF building sits on a 1.41 acre lot. At the close of escrow, the seller will sign a 15 year Triple Net (NNN) lease. The lease will provide for zero landlord responsibilities, 10 percent increases every 5 years and four, 5-year options. Annual rent will be initially set at $151,275 per year.
This property offers direct frontage, signage, and access along Broadview Street as well as frontage and signage along William Street. William Street has traffic counts in excess of 17,000 vehicles per day. Additionally, the Applebee’s is located just over 1 mile from the on-ramp to I-55, which has traffic counts in excess of 28,000 vehicles per day. I-55 provides Cape Girardeau with direct access to both St. Louis, Missouri to the north and Memphis, Tennessee to the south.