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.
Long Term Triple-Net (NNN) Lease
The 15+ Year Lease will Have No Landlord Responsibilities
Attractive Rental Increases and Renewal Options
One Percent (1.0%) Annual Rent Increases Starting in 2030 and Six (6)
Tenant Renewal Periods of Five (5) Years Each
Affluent Community
The Average Household Income is More Than $73,100 Within a Ten-Mile
Radius of the Subject Property
