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Miscellaneous

EZ Pawn

3601 Rossville Blvd, Chattanooga, TN 37407

Listing Price: $929,000

Cap Rate
6.25%
Tenant Name
EZ Pawn
Years Remaining On Lease
7.0
Gross SF
14,000
Guarantor
Corporate Guarantee
Rentable SF
14,000
Price/Gross SF
$66.36
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.15

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease EZ Pawn in Chattanooga, Tennessee. The property consists of a 14,000-square-foot, freestanding building that sits on approximately 1.02 acres of land. There are approximately 7.1 years remaining on the current lease term, with rental escalations scheduled every five years in the option periods. EZ Pawn is a brand under EZCORP, Inc. (NASDAQ: EZPW), the second largest pawn shop operator in the U.S. The property has excellent access and visibility on Rossville Boulevard, where traffic counts exceed 24,940 vehicles per day. The area is extremely dense with more than 136,417 residents within a five-mile radius. The population increases 40.6% to 196,992 in the daytime due to commuting workforce.

Investment Highlights

  • Triple-Net Lease with Approximately 7.1 Years Remaining
  • Excellent Access and Visibility on Rossville Boulevard (24,940 VPD)
  • Tenant has Operated at this Location for 23 Years
  • More than 136,417 Residents and a Daytime Population of 196,993 Within a Five-Mile Radius
  • Low Price-Point
  • 3.6 Miles to Downtown Chattanooga
  • Corporate Store - EZCORP, Inc. (NASDAQ: EZPW) Operates 1,148 Stores in the U.S. and Latin America

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Listing Price: $929,000

Cap Rate
6.25%
Tenant Name
EZ Pawn
Years Remaining On Lease
7.0
Gross SF
14,000
Guarantor
Corporate Guarantee
Rentable SF
14,000
Price/Gross SF
$66.36
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.15

Investment Highlights

  • Triple-Net Lease with Approximately 7.1 Years Remaining
  • Excellent Access and Visibility on Rossville Boulevard (24,940 VPD)
  • Tenant has Operated at this Location for 23 Years
  • More than 136,417 Residents and a Daytime Population of 196,993 Within a Five-Mile Radius
  • Low Price-Point
  • 3.6 Miles to Downtown Chattanooga
  • Corporate Store - EZCORP, Inc. (NASDAQ: EZPW) Operates 1,148 Stores in the U.S. and Latin America

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease EZ Pawn in Chattanooga, Tennessee. The property consists of a 14,000-square-foot, freestanding building that sits on approximately 1.02 acres of land. There are approximately 7.1 years remaining on the current lease term, with rental escalations scheduled every five years in the option periods. EZ Pawn is a brand under EZCORP, Inc. (NASDAQ: EZPW), the second largest pawn shop operator in the U.S. The property has excellent access and visibility on Rossville Boulevard, where traffic counts exceed 24,940 vehicles per day. The area is extremely dense with more than 136,417 residents within a five-mile radius. The population increases 40.6% to 196,992 in the daytime due to commuting workforce.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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