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Popeyes (Dark) 1715 E Tipton St

2,255 SF Retail Building Seymour, IN 47274 $1,250,000 ($554/SF) 6% Cap Rate

Retail Space Indiana Seymour 1715 E Tipton St, Seymour, IN 47274

Investment Highlights

  • Long Term Triple-Net (NNN) Lease - The 15+ Year Lease will Have No Landlord Responsibilities
  • Affluent Community - The Average Household Income is More Than $73,100 Within a Ten-Mile | Radius of the Subject Property
  • Attractive Rental Increases and Renewal Options

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Popeyes located at 1715 E Tipton Street, Seymour, IN 47274. The site consists of roughly 2,255 rentable square feet of building space on an estimated 1.35-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2019. The current annual rent is $75,000 and has scheduled increases of 1.00% Annually Starting Year 11.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,255 SF
Building Class
C
Year Built
2018
Price
$1,250,000
Price Per SF
$554
Cap Rate
6%
NOI
$75,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.35 AC
Zoning
4
Frontage
157 FT on Tipton St / US Hwy 50

Amenities

  • Corner Lot
  • Signage
  • Air Conditioning
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1715 E Tipton St, Seymour, IN - aerial map view

Nearby Major Retailers

Applebee's
PNC Bank
Rent-A-Center
JayC Food Stores
Woodforest National Bank
ALDI
Steak ‘n Shake
Buffalo Wild Wings
Fitness 1440
Starbucks

PROPERTY TAXES

Parcel Number 36-66-16-400-007.000-009 Improvements Assessment $284,100
Land Assessment $297,900 Total Assessment $582,000

PROPERTY TAXES

Parcel Number
36-66-16-400-007.000-009
Land Assessment
$297,900
Improvements Assessment
$284,100
Total Assessment
$582,000
(332) 345-4222

Contacts

  • Listing ID: 31547343

  • Date on Market: 4/18/2024

  • Last Updated:

  • Address: 1715 E Tipton St, Seymour, IN 47274

More public record information on 1715 E Tipton St, Seymour, IN 47274

The Retail Property at 1715 E Tipton St, Seymour, IN 47274 is currently available for sale. Contact NNN Pro Group for more information.

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1715 E Tipton St, Seymour, IN for sale Building Photo- Image 1 of 3
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1715 E Tipton St, Seymour, IN for sale Aerial- Image 2 of 3
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Popeyes (Dark) | 1715 E Tipton St
(332) 345-4222 x

Popeyes (Dark) | 1715 E Tipton St

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Anthony Bird

(917) 697-3215

(917) 697-3215

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