Skip to main content

Discount

EZ Pawn

800 S Utica Ave, Tulsa, OK 74104

Listing Price: $1,050,000

Cap Rate
6.00%
Tenant Name
EZ Pawn
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
6,300
Lease Type
Double Net
Rent Per Square Feet
$10.00

Investment Overview

The subject offering provides qualified investors with the opportunity to acquire a well-located EZ Pawn in Tulsa, Oklahoma. EZ Pawn corporate recently inked a new, 10-year lease which is set to begin October 1, 2023, giving the incoming investor 10-plus years in lease term. Additionally, the tenant agreed to substantially raise the rent in the renewal with 3 percent annual increases, showing strong commitment to the location and ensuring that the lease will keep up with inflation. There are two additional five-year options which feature both 10 percent increases at execution and continued 3 percent annual increases. The subject property has a long history as a pawn shop which should continue well into the future due in part to the recently executed lease. The subject property is situated just east of downtown Tulsa and is less than a block away from the Hillcrest Medical Center, one of Tulsa’s largest medical facilities. This location boasts robust traffic counts and population numbers. Tulsa is the second-largest city in Oklahoma and the 47th-largest city in the United States with well over 400,000 residents. Tulsa has also experienced a renaissance in the past few years, attracting a dynamic restaurant scene and downtown gentrification plan which should only make the subject property more desirable over time.

Investment Highlights

  • Recently Executed Brand New 10-Year Lease
  • Robust Population and Traffic Counts Surrounding Property
  • Strong 3% Annual Increases Built into Lease Structure
  • Fantastic Proximity to Downtown Tulsa and Medical Office
  • Strong, Publicly Traded Company Guaranteeing Lease

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

Listing Price: $1,050,000

Cap Rate
6.00%
Tenant Name
EZ Pawn
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
6,300
Lease Type
Double Net
Rent Per Square Feet
$10.00

Investment Highlights

  • Recently Executed Brand New 10-Year Lease
  • Robust Population and Traffic Counts Surrounding Property
  • Strong 3% Annual Increases Built into Lease Structure
  • Fantastic Proximity to Downtown Tulsa and Medical Office
  • Strong, Publicly Traded Company Guaranteeing Lease

Investment Overview

The subject offering provides qualified investors with the opportunity to acquire a well-located EZ Pawn in Tulsa, Oklahoma. EZ Pawn corporate recently inked a new, 10-year lease which is set to begin October 1, 2023, giving the incoming investor 10-plus years in lease term. Additionally, the tenant agreed to substantially raise the rent in the renewal with 3 percent annual increases, showing strong commitment to the location and ensuring that the lease will keep up with inflation. There are two additional five-year options which feature both 10 percent increases at execution and continued 3 percent annual increases. The subject property has a long history as a pawn shop which should continue well into the future due in part to the recently executed lease. The subject property is situated just east of downtown Tulsa and is less than a block away from the Hillcrest Medical Center, one of Tulsa’s largest medical facilities. This location boasts robust traffic counts and population numbers. Tulsa is the second-largest city in Oklahoma and the 47th-largest city in the United States with well over 400,000 residents. Tulsa has also experienced a renaissance in the past few years, attracting a dynamic restaurant scene and downtown gentrification plan which should only make the subject property more desirable over time.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

Financing By

MM Texture Background
MM Textured Background Lower