889 North Kingshighway Street
Cape Girardeau, MO
Price:
$2,567,000
Cap Rate:
5.60%
NOI:
$143,729
Building Size:
Approx. 6,812 Sq. Ft.
Lot Size:
Approx. 1.42 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2021
Investment Overview
- 2021 Renovation. 6,812+/- SF Building on 1.42+/- Acre Site
- 15-Yr Corp Absolute NNN Lease w/ 10% Rent Bump Every 5-Yrs
- Strategically Located in the Heart of Cape Girardeau Along Highway 55 (33k VPD)
- Near Dollar General, Walmart, Harbor Freight Tools, ALDI, Ace Hardware
- Strong Income Demographics w/ est. $64,555 within a 5-Mile Radius
- Located 1.5 Miles from Southeast Missouri State University (12,000+ Students)
- Cape Girardeau | Largest City Between St. Louis & Memphis | Population: 39,000+