1250 E Tipton St
Seymour, IN 47274
Little Caesars · Retail Property For Sale

The subject property was built for Starbucks in 2006, and was back-filled by Little Caesars in 2009 when Starbucks vacated. The tenant is doing well in sales and has extended his lease Two years early, agreeing to a new 10 Year triple net lease with 1.5% Annual rental escalations in the last Five years. There are no options, giving an incoming investor an opportunity to raise the rent after the primary term. Little Caesars is the third largest pizza chain in the United States, and operates franchises internationally. Little Caesars is also the fastest-growing pizza chain in the world. Little Caesars is strategically located as an outparcel to the largest retail center in Seymour, anchored by JCPenney, Hibbett Sports, Sherwin Williams and Dollar General. It has a Drive-Thru and multiple points of ingress/egress. Little Caesars has frontage to U.S. 50 (E Tipton Street), the main thoroughfare of Seymour, and is located just 1.2 Miles from Interstate 65 and the Walmart Distribution center (900+ employees). Other adjacent national retailers include Walmart, Home Depot, O'Reilly, Orscheln Farm & Home, Aldi, Verizon, Maurices, Dollar Tree.