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19 S Kingshighway St
Cape Girardeau, MO 63703
Schnucks: Cape Girardeau, MO · Retail Property For Sale
Investment 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.
- 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.
- The store previously underwent a full remodel and significant capital reinvestment of nearly $3.9 million.
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
68,101 SF
Building Class
C
Year Built
1977
Price
$10,184,000
Price Per SF
$149.54
Cap Rate
6.25%
NOI
$636,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
6.18 AC
Parking
374 Spaces (5.49 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Monument Signage
Property Taxes
| Parcel Number | 20-308-00-08-00300-0000 | Improvements Assessment | $668,000 |
| Land Assessment | $165,880 | Total Assessment | $833,880 |
Property Taxes
Parcel Number
20-308-00-08-00300-0000
Land Assessment
$165,880
Improvements Assessment
$668,000
Total Assessment
$833,880
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