SAVE-A-LOT

121 S Sprigg St, Cape Girardeau, MO 63703
$1,300,000

Price Per SF
$36
Gross SQFT
35,782
Year Built
1990
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Value Add through Lease Up – The property has the potential to increase its income by leasing the vacant retail suite at market rent, presenting an opportunity to boost cash flow.
  • Low Basis – Purchase the property well below replacement cost, providing a buffer against market fluctuations. Acquiring a property at a low basis positions the asset well for potential appreciation.
  • Large Corner Lot with Plenty of Parking – Corner lots benefit from increased visibility and traffic, which will attract more customers and tenants. This prime location in downtown Cape Girardeau enhances the desirability of the property.
  • Potential Redevelopment – The large size of the lot may allow potential expansion or redevelopment opportunities for the buyer, increasing the property’s long term value.
  • Strong Performing Grocer – Having a successful grocer as an anchor tenant can draw additional foot traffic, benefitting future tenants and contributing to a vibrant retail center.

Broker of Record

  • Kyle Matthews
  • License No. 2022018843 (MO)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203