202 S Broadview St · Cape Girardeau, MO 63703 · QSR / Restaurant
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
Strong Operating History - This location has been operational and consistently successful for 10+ Years, demonstrating strong historical performance and ultimately leading Applebee’s Corporate to designate it for direct operation and lease extension
Secure Steady Income Stream - Benefits from an Absolute NNN Lease with zero landlord responsibilities and a Corporate Guaranty from Applebee’s (Dine Brands | NYSE: DIN)
Robust RE Fundamentals - Located right off I-55 (100 Miles from St. Louis) along a major retail corridor and just blocks from West Park Mall (500K+ SF), with a plethora of national, regional, and local retailers in the immediate area
Attractive Yield - The initiation of Percentage Rent at the start of Year 3 offers a compelling opportunity for meaningful future upside and revenue participation, driven by the sustained success of this location
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.
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.
Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.