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Miscellaneous

EZ Pawn

386 W Hidalgo Ave, Raymondville, TX 78580

Listing Price: $490,000

Cap Rate
6.25%
Tenant Name
EZ Pawn
Years Remaining On Lease
6.3
Gross SF
7,500
Guarantor
No Guarantee
Rentable SF
7,500
Price/Gross SF
$65.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.08

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease EZ Pawn in Raymondville, Texas. The property consists of a 7,500-square-foot building that sits on approximately 0.16 acres of land. There are approximately 6.3 years remaining on the current lease term, with 10 percent rental escalation every five years in the main term and options. EZ Pawn is a brand under EZCORP, Inc. (NASDAQ: EZPW), the second largest pawn shop operator in the U.S. The property is located next to the signalized hard corner of West Hidalgo Avenue and North 5th Street, where traffic counts exceed 8,291 vehicles per day. Highway 77 (18,502 vehicles per day) is one mile from the property and provides easy access to Brownsville and Corpus Christi.

Investment Highlights

  • Triple-Net Lease with Approximately 6.3 Years Remaining
  • Next to the Signalized Hard Corner of West Hidalgo Avenue and North 5th Street (8,291 VPD)
  • Tenant has Operated at this Location for 29 Years
  • Brownsville–Harlingen–Raymondville CSA (439,197 Population)
  • Low Price-Point
  • Corporate Store - EZCORP, Inc. (NASDAQ: EZPW) Operates 1,148 Stores in the U.S. and Latin America

Exclusively Listed By

Financing By

Listing Price: $490,000

Cap Rate
6.25%
Tenant Name
EZ Pawn
Years Remaining On Lease
6.3
Gross SF
7,500
Guarantor
No Guarantee
Rentable SF
7,500
Price/Gross SF
$65.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.08

Investment Highlights

  • Triple-Net Lease with Approximately 6.3 Years Remaining
  • Next to the Signalized Hard Corner of West Hidalgo Avenue and North 5th Street (8,291 VPD)
  • Tenant has Operated at this Location for 29 Years
  • Brownsville–Harlingen–Raymondville CSA (439,197 Population)
  • Low Price-Point
  • 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 Raymondville, Texas. The property consists of a 7,500-square-foot building that sits on approximately 0.16 acres of land. There are approximately 6.3 years remaining on the current lease term, with 10 percent rental escalation every five years in the main term and options. EZ Pawn is a brand under EZCORP, Inc. (NASDAQ: EZPW), the second largest pawn shop operator in the U.S. The property is located next to the signalized hard corner of West Hidalgo Avenue and North 5th Street, where traffic counts exceed 8,291 vehicles per day. Highway 77 (18,502 vehicles per day) is one mile from the property and provides easy access to Brownsville and Corpus Christi.

Exclusively Listed By

Financing By

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