211-249 N Main St - Freestanding FOR SALE


Sikeston, MO 63801
$6,515,000 USD
630-570-2260
211-249 N Main St, Sikeston, MO for Sale
$6,515,000 USD
Freestanding - FOR SALE
1/11
null | 7.5% Cap Rate

211-249 N Main St
Sikeston, MO 63801


HIGHLIGHTS

  • 100% Occupied 30,300 SF Neighborhood Strip Center Leased to 12 Tenants
  • Anchored by the Largest Buffalo Wild Wings Franchisee in the System (100 Locations in Eight States)
  • Stable Tenant Roster | 87% of the Base Rent is Derived from National Tenants | Durable Income Stream
  • Excellent History of High Occupancy | 79% of the GLA has Occupied their Space Between 8–18 Years
  • Brand New 60 Mil TPO Roof with 20 Year Warranty Installed March 2025
  • Positioned at Hard Corner, Stoplight Intersection | Traffic Counts of 19,091 Vehicles Per Day

OVERVIEW

Shoppes at Lake Crossing is a 100% leased shopping center anchored by Buffalo Wild Wings and features a strong tenant roster with nearly all national brands, including Spectrum, UPS, T-Mobile, and PetSense. The property is positioned at the heavily traveled, “Main & Main” intersection of Downtown Sikeston. All tenants operate under net leases, with the exception of one tenant currently on a gross lease. Many tenants are original to the center and have operating histories ranging from 8–18 years. The property is anchored by the largest Buffalo Wild Wings franchisee in the system. Buffalo Wild Wings recently extended their lease and currently has over 11 years of term remaining and a scheduled 10% rental increase in 2027. Additionally, five other tenants have annual rent increases in-place. This property is located near prominent retailers such as Walgreens, AutoZone, and CVS. The center benefits from strong surrounding drivers, including a nearby hospital, numerous schools, an airport, and its proximity to Downtown Sikeston.

FOR SALE DETAILS

PRICE

$6,515,000 USD

PRICE/SF

$215 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buffalo Wild Wings Anchored Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

154

LAND DETAILS

LAND ACRES

4.29 AC

LAND SF

186,872 SF

ZONING

-

APN/PARCEL ID

18 4.0 19.00 004 022 027.20

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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