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- LoopNet Team
1260 S Main St
Sikeston, MO 63801
Applebee’s · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Applebee’s in Sikeston, Missouri | Halfway Point Between St. Louis and Memphis
- Hedge Against Inflation | 10% Rent Increase in 2023
- Outparcel to Lowe’s Home Improvement & Adjacent to Walmart Anchored Center
- More Than 8 Years Remaining on a Triple-Net Lease (NNN) | Zero Landlord Responsibilities
- 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
PROPERTY FACTS
ABOUT 1260 S MAIN ST , SIKESTON, MO 63801
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.
PROPERTY TAXES
| Parcel Number | 01-9.2-031-00-000-0001.06 | Improvements Assessment | $155,400 |
| Land Assessment | $39,400 | Total Assessment | $194,800 |
PROPERTY TAXES
