Description

Current Real Estate Advisors is offering the chance to purchase a 5,396 SF, single-tenant Applebee’s property on 1.41 acres in Cape Girardeau, MO. As of November 2024, Applebee’s Corporate took over operations and signed a new 10-year Absolute NNN lease, reflecting their confidence in the site. The lease includes a corporate guarantee from Applebee’s International, Inc., requires no landlord involvement, and offers two 5-year renewal options with 10% rent increases each time. Starting in year three, Percentage Rent may further boost returns. This corporately backed Applebee’s location presents a strong investment opportunity with stable income and potential for future growth.