19 S Kingshighway St - Storefront FOR SALE


Cape Girardeau, MO 63703
$10,184,000 USD
703-477-1315
19 S Kingshighway St, Cape Girardeau, MO for Sale
$10,184,000 USD
Storefront - FOR SALE
1/20
null | 6.25% Cap Rate

19 S Kingshighway St
Cape Girardeau, MO 63703


HIGHLIGHTS

  • Cape Girardeau (MSA Population: 99,426) is a regional hub for healthcare, education, shopping, and entertainment for a vast area of Southern MO & IL.
  • The store previously underwent a full remodel and significant capital reinvestment of nearly $3.9 million.
  • Within 3-miles of the property there are 5.1 MSF of retail, 1.6 MSF of office, 1.3 MSF of industrial and 1,924 multifamily units.

OVERVIEW

CBRE is pleased to exclusively offer for sale the 68,101-square-foot Schnucks grocery store situated on 6.18 acres in Cape Girardeau, MO. Schnucks absolute NNN lease features ±10.6 years of primary term remaining with eight, 5-year renewal options. Rent increases include a 5% increase in 2032 and 5% increases in Options 1-3, followed by no less than 5% increases in Options 4-8. See rent schedules in OM for more detail.

FOR SALE DETAILS

PRICE

$10,184,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Schnucks: Cape Girardeau, MO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Supermarket

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

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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