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.