EZ Pawn

Zapata, TX

Price $879,000
Cap Rate 7.00%
TYPE Single-Tenant
STATUS Available
Tenant EZ Pawn
LEASE TYPE Absolute NNN
SQUARE FEET 4,000
PRICE/SQ FT $219
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 Zapata, Texas, on US Hwy 83 with excellent frontage and high drive-by visibility. Nearby retailers include Lowe’s Super S Foods, CVS Pharmacy, Tractor Supply Co., Ace Hardware, Carquest Auto Parts, O’Reilly Auto Parts, Cricket Wireless, Dollar General, McDonald’s, Church’s Chicken, Dairy Queen, Pizza Hut and Little Caesars Pizza. Leading employers in Zapata are Key Energy Services, Sunoco, Dollar General and CVS Health.

*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
  • Nearby Retailers: Lowe’s Super S Foods, CVS Pharmacy, Tractor Supply Co., Ace Hardware, O’Reilly Auto Parts, Dollar General, McDonald’s, Church’s Chicken, Dairy Queen, Pizza Hut, Little Caesars Pizza
  • Tenant: TEXAS EZ Pawn – EZ Pawn has 364 Locations Nationwide
  • Located on US Hwy 83 with Excellent Frontage where Traffic Counts Exceed 15,846 CPD!
  • 2017 Demographics in the 5 Mile Ring – Total Population: 12,838 | Average Household Income: $49,666