EZ Pawn

Kingsville, TX

Price $879,000
Cap Rate 7.00%
TYPE Single-Tenant
STATUS Available
Tenant EZ Pawn
LEASE TYPE Absolute NNN
SQUARE FEET 4,783
PRICE/SQ FT $183
YEAR BUILT 1999
LEASE EXP. 2021
LISTING AGENT Douglas Bruton
972-630-6000 x102
douglas@ciadvisor.com

Property Description

EZ Pawn is a fee simple, free-standing building with 4 years remaining (in options) on an Absolute NNN lease and an annual 2% rental increase. This is a corporately guaranteed lease that recently executed the first 5 year renewal option. The tenant, EZ Pawn, has 364 locations nationwide. The guarantor, their parent company EZCORP, has 871 pawn stores in the US and Latin America.

The subject property is located in Kingsville, Texas, on W King Ave with excellent frontage and high drive-by visibility. EZ Pawn is less 1 mile from Texas A&M University – Kingsville, a public research university offering academic programs & degrees with a total enrollment of 9,278 students. EZ Pawn is also just 4 miles from the Naval Air Station (NAS) – Kingsville, one of the U.S. Navy’s premier locations for jet aviation training. NAS is home to Training Air Wing TWO & several tenant commands, military as well as civilian, with a total complement of approximately 300 officers, 200 enlisted, 350 civilian personnel, & 625 contract maintenance personnel. Nearby retailers include H.E.B., O’Reilly’s Auto Parts, Dairy Queen, McDonald’s & more.

*Locations are available as a portfolio or individually.

Property Highlights

  • 4 Years Remaining on a Corporately Guaranteed Absolute NNN Lease with 2% Annual Rent Bumps
  • Guarantor: EZCORP (Parent Company) has 871 Pawn Stores in the US & Latin America
  • 4 Miles from Naval Air Station Kingsville – A Premier Location for Jet Aviation Training with a Total Complement of Approx. 1,475 Military, Civilian & Contract Personnel
  • Tenant: TEXAS EZ Pawn – EZ Pawn has 364 Locations Nationwide
  • Less than 1 Mile from Texas A&M University Kingsville – A Public Research University with a Total Enrollment of 9,278 Students
  • 2017 Demographics in the 5 Mile Ring – Total Population: 27,708 | Average Household Income: $55,318