Cape Centre

Investment Overview

18 ACRES. ESTABLISHED RETAIL. SIGNIFICANT UPSIDE. A unique opportunity to acquire a large, centrally located retail property in Cape Girardeau. Located at 201–301 S Broadview Street, this approximately 18-acre property is surrounded by established shopping, restaurants, offices, and retail and offers a combination of existing income and substantial upside potential. Nearly all of the existing leasable space is leased or near lease-up, providing an established income stream for a new owner. The property's primary vacancy is the former Trees and Trends space, an approximately 45,000-square-foot anchor with abundant parking and two loading docks. The space provides an opportunity to attract one large tenant or potentially divide the space to accommodate multiple users. Beyond the existing buildings and income, the property offers several additional avenues for growth. A new owner could explore the potential sale of an outlot, development of additional retail space in the gap between existing buildings, and lease-up of the large vacant anchor. With its central location, substantial acreage, existing tenant base, abundant parking, and multiple paths to increase revenue and property value, this is a unique opportunity for an investor or owner-operator looking for both current income and future potential. Opportunities of this size and location in Cape Girardeau are rarely available.

Investment Highlights

• Approximately 18 acres in the heart of Cape Girardeau
• Centrally located near established shopping, restaurants, offices and retail
• Multiple existing retail buildings with substantial parking
• Nearly all existing space leased or near lease-up
• Approximately 45,000 SF former Trees and Trends anchor space available
• Large anchor space offers potential for one or multiple tenants
• Two loading docks serving the former anchor space
• Significant existing parking throughout the property
• Potential opportunity to sell an outlot
• Potential to develop additional retail space between existing buildings
• Multiple opportunities to increase occupancy and property income
• Large land area provides flexibility for future development
• Established commercial location with strong surrounding activity
• Combination of current income and significant value-add potential