Brian Brockman 5133000763

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

Year Built

2018

Price

$1,250,000

Price Per SF

$554.32

Cap Rate

NOI

$75,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.04

Lot Size

1.35 AC

Zoning

Parking

16 Spaces (7.1 Spaces per 1,000 SF Leased)

Frontage

157’ on Tipton St / US Hwy 50

Corner Lot
Signage

Air Conditioning

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
East Tipton Street	Burkart Blvd, W	30,308	2025	0.21 mi
East Tipton Street	Myers St, W	26,825	2024	0.30 mi
East Tipton Street	-	30,613	2024	0.32 mi
50	Burkart Blvd	30,536	2025	0.32 mi
Local	E Tipton St, N	2,741	2024	0.34 mi
South 4th Street Road	E Tipton St, N	2,727	2023	0.34 mi
Burkart Boulevard	E Tipton St, N	2,695	2025	0.34 mi
E Tipton St	Myers St, W	28,101	2018	0.36 mi
East Tipton Street	Marley Ln, E	28,600	2025	0.44 mi
50	Marley Ln, E	28,665	2024	0.44 mi