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Rally's 1134 N Sprigg St 1,147 SF Retail Building Cape Girardeau, MO 63701 $1,250,000 ($1,089.80/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | Zero Landlord Responsibilities
- Newly Constructed Site Equipped with Outdoor Patio
- Excellent Visibility with Frontage and Signage Along N Sprigg St Which Has Daily Traffic Counts Exceeding 11,150 Vehicles
- 25-Year Sale Leaseback Commencing at Close of Escrow
- Proven Operator with Over 30 Year of Experience in the Industry
- Situated Directly Across from the Southeast Missouri State University Show Me Center - Multi-Purpose Arena with a Capacity of Over 7,350 People
EXECUTIVE SUMMARY
25 Year Sale Leaseback | Absolute NNN | Franchise & Personal Guarantee
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,147 SF
Building Class
B
Year Built
2021
Price
$1,250,000
Price Per SF
$1,089.80
Cap Rate
7.20%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.64 AC
Parking
18 Spaces (15.69 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 16-715-00-07-00100-0000 | Improvements Assessment | $149,410 |
| Land Assessment | $57,080 | Total Assessment | $206,490 |
PROPERTY TAXES
Parcel Number
16-715-00-07-00100-0000
Land Assessment
$57,080
Improvements Assessment
$149,410
Total Assessment
$206,490
CONTACTS
-
Deno Bistolarides -
Danny Samona -
Noah Dalaly -
Encore Real Estate Investment Services
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Rally's | 1134 N Sprigg St
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