Shopping Neighborhood
Buffalo Wild Wings Anchored Center
211 /251 N Main St, Sikeston, MO 63801
Listing Price: $6,515,000
Investment Overview
Shoppes at Lake Crossing is a 100% leased shopping center anchored by Buffalo Wild Wings and features a strong tenant roster with nearly all national brands, including Spectrum, UPS, T-Mobile, and PetSense. The property is positioned at the heavily traveled, “Main & Main” intersection of Downtown Sikeston. All tenants operate under net leases, with the exception of one tenant currently on a gross lease. Many tenants are original to the center and have operating histories ranging from 8–18 years. The property is anchored by the largest Buffalo Wild Wings franchisee in the system. Buffalo Wild Wings recently extended their lease and currently has over 11 years of term remaining and a scheduled 10% rental increase in 2027. Additionally, five other tenants have annual rent increases in-place. This property is located near prominent retailers such as Walgreens, AutoZone, and CVS. The center benefits from strong surrounding drivers, including a nearby hospital, numerous schools, an airport, and its proximity to Downtown Sikeston.
Buffalo Wild Wings Anchored Center
Investment Highlights
- 100% occupied 30,300 sf neighborhood strip center leased to 12 tenants
- Anchored by the Largest Buffalo Wild Wings Franchisee in the System (100 Locations in Eight States)
- Stable Tenant Roster | 87% of the Base Rent is Derived from National Tenants | Durable Income Stream
- Excellent History of High Occupancy | 79% of the GLA has Occupied their Space Between 8–18 Years
- Brand New 60 Mil TPO Roof with 20 Year Warranty Installed March 2025
- Positioned at Hard Corner, Stoplight Intersection | Traffic Counts of 19,091 Vehicles Per Day
Listing Price: $6,515,000
Investment Highlights
- 100% occupied 30,300 sf neighborhood strip center leased to 12 tenants
- Anchored by the Largest Buffalo Wild Wings Franchisee in the System (100 Locations in Eight States)
- Stable Tenant Roster | 87% of the Base Rent is Derived from National Tenants | Durable Income Stream
- Excellent History of High Occupancy | 79% of the GLA has Occupied their Space Between 8–18 Years
- Brand New 60 Mil TPO Roof with 20 Year Warranty Installed March 2025
- Positioned at Hard Corner, Stoplight Intersection | Traffic Counts of 19,091 Vehicles Per Day
Investment Overview
Shoppes at Lake Crossing is a 100% leased shopping center anchored by Buffalo Wild Wings and features a strong tenant roster with nearly all national brands, including Spectrum, UPS, T-Mobile, and PetSense. The property is positioned at the heavily traveled, “Main & Main” intersection of Downtown Sikeston. All tenants operate under net leases, with the exception of one tenant currently on a gross lease. Many tenants are original to the center and have operating histories ranging from 8–18 years. The property is anchored by the largest Buffalo Wild Wings franchisee in the system. Buffalo Wild Wings recently extended their lease and currently has over 11 years of term remaining and a scheduled 10% rental increase in 2027. Additionally, five other tenants have annual rent increases in-place. This property is located near prominent retailers such as Walgreens, AutoZone, and CVS. The center benefits from strong surrounding drivers, including a nearby hospital, numerous schools, an airport, and its proximity to Downtown Sikeston.
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