1715 Tipton St Seymour, IN 47274-3561
Property Lookup
Property profile & analytics
1715 Tipton St Seymour, IN 47274-3561
- Turn key restaurants
- 5,307 SF
- 1.35 lot acres
Property ID
US31-2040606
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Popeyes Louisiana Kitchen / Restaurant
Property Details for 1715 Tipton St
- Year built
- 2003
- Construction
- WOOD
- Lot size
- 1.35 lot acres
- Property size
- 5,307 SF
- Zone code
- 4
- Property type
- Turn key restaurants
- APN
- 36-66-16-400-007.000-009
- APU
- 366616400007000009
Description
This fee-simple, 2,255 sq ft Popeyes restaurant in Seymour, Indiana, presents a compelling investment opportunity. Built in 2018, it sits on a 1.35-acre lot and boasts a 20-year triple-net (NNN) lease with a franchisee tenant, commenced December 20, 2019, and expiring December 31, 2039. The current annual net operating income (NOI) is $75,000, representing a 6.00% cap rate on the $1,250,000 asking price. The lease includes attractive rental increases, with a 1% annual increase starting in 2030 and six five-year tenant renewal options. The property benefits from its location in an affluent area, with average household incomes exceeding $73,100 within a ten-mile radius. This low-maintenance, high-return investment offers significant long-term potential. The property is 100% occupied and features a strong tenant with a proven track record. The lease structure minimizes landlord responsibilities, making this an ideal addition to any portfolio. The property's location at 1715 E Tipton St, Seymour, IN 47274, ensures high visibility and accessibility. The price per square foot is $554.32. This is a rare opportunity to acquire a well-established, high-performing restaurant property with a long-term lease.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Seymour
- County
- Jackson
- State
- Indiana
- Longitude
- -85.8612
- Latitude
- 38.9587
- CBSA code
- 42980
- CBSA name
- SEYMOUR, IN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,840
$297,900
$284,100
$582,000
-
$297,900
$284,100
$582,000
