2406 William St
Cape Girardeau, MO 63703
IHOP Restaurant · Retail Property For Sale

Tiktin Real Estate Investment Services is pleased to present this IHOP Restaurant located at 2406 William Street, Cape Girardeau, Missouri. This property consists of a 6,442-square-foot IHOP Restaurant built in 2004 and situated on 1.01 Acres. At the close of escrow, seller will sign a 10 year Triple Net (NNN) lease. The lease will provide for zero landlord responsibilities, 10 percent increases every 5 years and six, 5 year options. Annual rent will be initially set at $152,000 per year. This property offers direct frontage, signage and access along William Street and Route 61, which experiences combined traffic counts in excess of 40,104 vehicles per day. Additionally, this IHOP Restaurant is located just 1.4 miles from Interstate 55 (I-55) and is an outparcel to a K-Mart anchored shopping center. The City of Cape Girardeau has become the regional destination for healthcare, education, entertainment, shopping, and employment. Cape Girardeau' s population swells to 100,000 daily. Two state-of-the-art hospitals sit within the city limits. Together, these hospitals serve more than one million people from five states. Southeast Missouri State University welcomes more than 10,000 students from the region and across the world every day. Multiple private and parochial schools and more than fifty churches call Cape Girardeau home.