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Off Market
1/9

1260 S Main St
Sikeston, MO 63801


HIGHLIGHTS

  • Applebee’s in Sikeston, Missouri | Halfway Point Between St. Louis and Memphis
  • More Than 8 Years Remaining on a Triple-Net Lease (NNN) | Zero Landlord Responsibilities
  • Hedge Against Inflation | 10% Rent Increase in 2023
  • Ideally Located on South Main Street | More Than 14,640 VPD | Also a Quarter of a Mile from I-60 | More Than 17,000 VPD
  • Outparcel to Lowe’s Home Improvement & Adjacent to Walmart Anchored Center

OVERVIEW

SAB is pleased to present this Applebee’s in Sikeston, MO. It is a triple net lease, where the tenant is responsible for all operating expenses, for an additional 8 years. The lease features a large 10% rent bump in 2023. This provides a hedge against inflation. The lease is guaranteed by Apple Investors LLC, which operates 55 restaurants throughout the country. The subject property is highly visible from South Main Street which features more than 14,640 vehicles per day. It is also ideally located as an outparcel to Lowe’s Home Improvement and across from a Walmart Supercenter.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Applebee’s

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

5069

STORIES

1

YEAR BUILT

2002

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

01-9.2-031-00-000-0001.06