EZ Pawn
Eagle Pass, TX

OFFERING SUMMARY

Price: $1,642,850
Cap Rate: 7.00%
Gross Leasable Area: 4,653 SF
NOI: $114,999

 
OFFERING HIGHLIGHTS
  • Recently Executed 10-Year Lease
  • Strong, Publicly Traded Corporate Guarantee
  • Historically Strong Location for Tenant
  • Income Tax-Free State
 
INVESTMENT OVERVIEW

Marcus & Millichap is pleased to present qualified investors with the unique opportunity to acquire a high-performing EZ Pawn property located in Eagle Pass, Texas. EZ Pawn corporate recently executed a new 10-year lease at the end of 2020 and has two, five-year options built into the lease. The property, which has been a pawnshop for decades, is in an exceptionally strong location for its industry, demonstrated by the fact that the tenant was willing to execute a brand new extension upon the previous close of escrow. The lease is NN+ in nature with a strong rent bump built in at year five of the lease.

EZ Pawn has been in existence since 1974 and is headquartered in Austin, Texas. They have a strong presence in central and south Texas and have flourished over the past few decades. Eagle Pass has a population of more than 29,300 residents. The subject property is well located on a hard corner, just down the street from Juan N. Seguin Elementary School and a Family Dollar.

$1.6M | Active Listings | Double-Net | Net-Leased | Opportunity Zone | Single Tenant | STNL | Texas