1705 E Tipton St - Restaurant FOR SALE
Seymour, IN 47274 |
$2,021,000 USD
602-412-3775
1705 E Tipton St
Seymour, IN 47274
HIGHLIGHTS
- Absolute NNN Lease – Tenant is responsible for paying all Taxes, Insurance, and Maintenance, providing an investor complete passive ownership.
- Corporate Guarantee – The lease benefits from a Corporate Guarantee from parent company, Dine Brands Global (NYSE: DIN), which affords landlord securi
- Rare Corporate Lease – Dine Brands Global, Inc. recently brought the subject property under its corporate umbrella in May 2025, displaying the strengt
- Annual Rent Increases – The lease includes 1.50% annual rent escalations, providing steady income growth and a built-in hedge against inflation. These
- High-Traffic Signalized Corner Location – The property is situated on the corner of a prominent signalized intersection which offers excellent visibil
- Strong Retail Corridor – National tenants within a close proximity to the property include Walmart Supercenter, Home Depot, Aldi, Tractor Supply Co.,
FOR SALE DETAILS
PRICE
$2,021,000 USD
PRICE/SF
$359 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Applebee's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.22 AC
LAND SF
52,969 SF
ZONING
4
APN/PARCEL ID
36-66-16-400-007.002-009
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602-412-3775
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602-412-3775
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