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Popeyes (Dark) 1715 E Tipton St 2,255 SF Retail Building Seymour, IN 47274 $1,250,000 ($554.32/SF) 6% Cap Rate
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
$554.32
Cap Rate
6%
NOI
$75,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.35 AC
Zoning
4
Parking
16 Spaces (7.1 Spaces per 1,000 SF Leased)
Frontage
157’ on Tipton St / US Hwy 50
AMENITIES
- Corner Lot
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 36-66-16-400-007.000-009 | Improvements Assessment | $287,100 |
| Land Assessment | $297,900 | Total Assessment | $585,000 |
PROPERTY TAXES
Parcel Number
36-66-16-400-007.000-009
Land Assessment
$297,900
Improvements Assessment
$287,100
Total Assessment
$585,000
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Popeyes (Dark) | 1715 E Tipton St
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