19 S Kingshighway St - Retail FOR SALE
Cape Girardeau, MO 63703 |
$9,698,900 USD
703-477-1315
19 S Kingshighway St
Cape Girardeau, MO 63703
HIGHLIGHTS
- Part of the larger Schnucks Portfolio (8 Assets in MO & IL) - Seller is highly encouraging individual and portfolio offers
- Located roughly midway between St. Louis, MO & Memphis, TN
- Previously underwent a full remodel and significant capital reinvestment of nearly $3.9M
- Located at the fully signalized intersection of Kingshighway and William Street - which serve as the two primary thoroughfares within Cape Girardeau.
- The property benefits from 4-points of ingress/egress and unrestricted visibility from the thoroughfares
- Cape Girardeau-Jackson, MO-IL MSA (MSA Population: 98,731+)
OVERVIEW
The CBRE Net Lease Property Group is pleased to offer for sale the 68,101-square-foot Schnucks grocery store positioned on 6.18 acres in Cape Girardeau, MO — part of the St. Louis MSA (MSA Population: 2.82M+). Schnucks absolute NNN lease has ±11.5 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options. The property is part of the larger Schnucks Portfolio, which consists of eight assets in Missouri and Illinois. The seller is highly encouraging individual and portfolio offers.
FOR SALE DETAILS
PRICE
$9,698,900 USD
PRICE/SF
$174 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Schnucks
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
374
LAND DETAILS
LAND ACRES
6.18 AC
LAND SF
269,201 SF
ZONING
-
APN/PARCEL ID
20-308-00-08-00300-0000
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703-477-1315
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703-477-1315
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