1715 E Tipton St - Fast Food FOR SALE


Seymour, IN 47274
$1,250,000 USD
332-345-4222
1715 E Tipton St, Seymour, IN for Sale
$1,250,000 USD
Fast Food - FOR SALE
1/2
null | 6% Cap Rate

1715 E Tipton St
Seymour, IN 47274


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$554 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes (Dark)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

4

APN/PARCEL ID

36-66-16-400-007.000-009

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.