202 S Broadview St - Restaurant FOR SALE


Cape Girardeau, MO 63703
$2,100,000 USD
305-783-8890
202 S Broadview St, Cape Girardeau, MO for Sale
$2,100,000 USD
Restaurant - FOR SALE
1/6
null | 6.51% Cap Rate

202 S Broadview St
Cape Girardeau, MO 63703


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

107

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

Mid City Business Centre

APN/PARCEL ID

20-307-00-14-00100-0000

ASK ABOUT THIS PROPERTY

Alejandro SnyderCurrent Real Estate AdvisorsMore Info
305-783-8890

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Alejandro SnyderCurrent Real Estate AdvisorsMore Info
305-783-8890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.