OFFERING SUMMARY
List Price: $1,473,493
CAP Rate: 7.8%
Lease Type: Double Net
Gross Leasable Area: 4,540 SF
Year Built / Renovated: 1992 / 2015
OFFERING HIGHLIGHTS
- Corporately Guaranteed Double Net Lease
- Expanded and Renovated in 2015
- Initial Ten Year Lease with Over Four Years Remaining
- Two Options to Follow
- One mile from U.S.-Mexico Border, Across from Piedras Negras
INVESTMENT OVERVIEW
Diffie Retail Team at Marcus & Millichap is pleased to present this 4,540 square-foot EZ Pawn in Eagle Pass, Texas. The double-net lease has over four years remaining in the current term and offers investors an immediate 8% cap rate with minimal landlord responsibility. Two five-year options remain.
Located directly on US-277 Business Route at the corner of a signaled intersection less than a mile from the U.S.-Mexico border, the subject offering is easily accessible to the 30,000 residents within a five-mile radius as well as out-of-town traffic. EZ Pawn renovated and expanded this location in 2015, absorbing the building next door. They have tenanted the property for nearly twenty-five years.
