Restaurant
Logan's Roadhouse
3012 William St, Cape Girardeau, MO 63703
Listing Price: $2,590,000
Cap Rate
6.75%
Tenant Name
Logan's Roadhouse
Gross SF
8,167
Guarantor
Corporate Guarantee
Rentable SF
8,167
Price/Gross SF
$317.13
Lease Type
Absolute Net
Rent Per Square Feet
$21.43
Investment Overview
The subject property is a sale leaseback opportunity in Cape Girardeau, Missouri. Tenant will sign a new, 20-year, corporate guaranteed, absolute NNN lease.
Listing Price: $2,590,000
Cap Rate
6.75%
Tenant Name
Logan's Roadhouse
Gross SF
8,167
Guarantor
Corporate Guarantee
Rentable SF
8,167
Price/Gross SF
$317.13
Lease Type
Absolute Net
Rent Per Square Feet
$21.43
Investment Highlights
- New 20-Year Absolute NNN Lease
- Corporate Lease with Logan's Roadhouse (135 units)
- 10% Rent Increases every Five Years
Investment Overview
The subject property is a sale leaseback opportunity in Cape Girardeau, Missouri. Tenant will sign a new, 20-year, corporate guaranteed, absolute NNN lease.
