OFFERING SUMMARY
List Price: $232,700
CAP Rate: 9%
Lease Type: Gross
Gross Leasable Area: 9,600 SF
Lot Size: 1.17 Acres
Year Built: 1985
OFFERING HIGHLIGHTS
- Brand New 5-Year Lease Extension Just Signed by EZ Pawn Corporate
- Extremely Sustainable Rent for Tenant
- Lease Guaranteed by EZ Pawn Corporate, Publicly Traded on NASDAQ
- Located Just East of Northwest Mississippi Regional Medical Center on Major Thoroughfare
INVESTMENT OVERVIEW
The subject property is a well-located EZ Pawn in the heart of Clarksdale, Mississippi. The tenant recently extended the lease for a brand new, five-year term, showing strong dedication to the location. Additionally, this is one of the only national pawn shops in the community, uniquely meeting demand for the city and the surrounding MSA. EZ Pawn is a publicly traded corporation based in Austin, Texas with over 1,400 locations across the world. It specializes in “non-recourse loans” collateralized by tangible personal property, also known as pawning. The company also offers payday loans and fee-based credit services to its customers.
Clarksdale is a city in northwest Mississippi and the seat of Coahoma County. Located along the banks of the Mississippi river, Clarksdale boasts a population of almost 18,000 residents and has a well-diversified agricultural and trade-based economy. The subject property is just west of a major medical facility and has frontage on North State Street, which runs right through the heart of the city.
