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EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans,...

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EZ pawn high volume store new 10 year lease Extension 222 S Frazier St., Conroe, TX 77301 [ www.CapitalPacific.com ]
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Page 1: EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking

EZ pawn

high volume storenew 10 year lease Extension 222 S Frazier St., Conroe, TX 77301

[ www.CapitalPacific.com ]

Page 2: EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking

RenTable SF . . . . . . . . . . . . . . . 4,000 SF

PRiCe PeR SF . . . . . . . . . . . . . . . $170

land aRea . . . . . . . . . . . . . . . 0 .36 Acres

YeaR RenovaTed . . . . . . . . . . 2015

CuRRenT RenT . . . . . . . . . . . . $12 .75/SF

PRICE: $680,000CAP: 7.50%

Listing TeamContact Info

RICK SANNERrsanner@capitalpacific .com | (415) 274-2709CA BRE# 01792433

John Andreinijandreini@capitalpacific .com | (415) 274-2715CA BRE# 01440360

In Conjunction with TX Licensed Broker:Steve Sieling, Azur Commercial Capital, LLC(214) 888-8262 | steve@azurcc .com

PROperty Summary

Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .

Bob SANNERbsanner@capitalpacific .com | (415) 274-2717CA BRE# 00869657

[ Surrounding area retail]

EZ PAwn | 2

Page 3: EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking

low rent/ high volume, proven store

PRoPeRTY highlighTSTenant has 14-year operating history and just extended the lease early for another 10 years

There will be a new roof, paint, and repaired/re-striped parking lot prior to a new buyer closing

Growing population in 1, 3, & 5-mile radices . Very dense population 13,370 in a 1-mile radius

Very low rent

eZ PawnIn fiscal 2014, the company reported total revenues of over $1 billion

As of 9/8/2015, EZ Corp owned and operated 1,400+ stores

EBITDA of over $92 million

leaSe10-year corporate lease; 10% rental increases every 5 years including option periods

Tenant responsible for repair, maintenance, and replacements of interior non-structural components including HVAC

Landlord responsible for roof, structure, and parking lot

core characteristics

[ Surrounding area retail] EZ PAwn | 3

Page 4: EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking

aerial

n Farm to Market

3083 Road w

S Frazier Street

e da

vis

Stre

et

w davis

Street

45

4575

75

75

105

336

336

336

336

105WEDGEWOOD GOLF COURSE

armstrong elementary

washington Jr. high School

Reaves elementary

houston elementary

Travis intermediate

hauke alternative

Peet Jr. high School

Conroe high School

MonTgoMeRY PlaZa

ConRoe MaRKeTPlaCe

Towne CenTeR

HOUSTON

45

13,600 DAILY

129,400 DAILY

EZ PAwn | 4

Page 5: EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking

PRICE $680,000 Price Per Square Foot: $170 .00

Capitalization Rate: 7 .50%

Total Rentable Area (SF): 4,000

Lot Size (AC): 0 .16

STABILIZED INCOME Per Square FootRent $12 .75 $51,000

Effective Gross Income $12 .75 $51,000

LESS Per Square FootTaxes nnn $0 .00

Insurance nnn $0 .00

Total Operating Expenses nnn $0 .00

EQUALS NET OPERATING INCOME $51,000 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

income & expense

[ Surrounding area retail]

EZ PAwn | 5

Page 6: EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

rent roll

[ Surrounding area retail]

TENANT INFO LEASE TERMS RENT SUMMARY

Tenant name Sq . Ft . Term Current Rent MonthlyRent

YearlyRent

MonthlyRent/FT

YearlyRent/FT

EZ Pawn 4,000 1 5 $51,000 $4,250 .00 $51,000 $1 .06 $12 .75

6 10 $4,675 .00 $56,100 $1 .17 $14 .03

Option 1 11 15 $5,142 .50 $61,710 $1 .29 $15 .43

Option 2 16 20 $5,656 .75 $67,881 $1 .41 $16 .97

Totals: 4,000 $51,000 $4,250 $51,000 $1.06 $12.75

EZ PAwn | 6

Page 7: EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking

site plan

SiTe Plan KeY

PARCEL OuTLInE:

LAnD AREA: 0 .36 ACRES

BuILDInG AREA: 4,000 SF

InGRESS/EGRESS:

13,6

00 d

ail

Y

York avenue

S Fr

azie

r Stre

et75

EZ PAwn | 7

Page 8: EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking

tenant overview

Representative Photo

ABOuT EZCORPEZCORP, Inc . (nASDAQ: EZPw), is a market leader in the specialty consumer finance industry dedicated to satisfying the short-term cash needs of consumers who find themselves both cash and credit constrained .

EZCORP provides collateralized non-recourse loans, commonly known as pawn loans, and a variety of short-term consumer loans (including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking loans . At its pawn stores, the company also sells merchandise, primarily collateral forfeited from its pawn lending operations .

EZCORP offers pawn loans in over 471 pawn stores in 19 states and Mexico . EZCORP also offers signature loans in select states, either in their pawn stores or through their 380 EZMOnEY Loan Services, EZMOnEY Payday Loans or EZ Loan Services stores .

Founded in 1989, EZCORP operates more than 1,300 stores, including over 500 pawn stores in the u .S . and Mexico and over 500 short-term consumer loan stores in the u .S . and Canada under the EZCORP, Empeno Fácil (MX), Value Pawn, EZMOnEY Loan Services, EZMOnEY Payday Loans and EZ Loan Services, and CashMax / Cash Converters (uS and Canada) brand names .

The company also has significant investments in Albemarle & Bond Holdings PLC (ABM .L), one of the u .K .’s largest pawn broking businesses with over 130 stores, and Cash Converters International Limited (CCV .L and CCV .AuS), which franchises and operates a worldwide network of almost 600 stores that provide financial services and sell pre-owned merchandise .

2014 Revenue $1 BILLION +nuMbeR oF loCaTionS 1400 +

[representative photo] [representative photo]

EZ PAwn | 8

Page 9: EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking

SUbjECT PROPERTY IS ADjACENT

TO PHILLIPS 66, NAPA AUTO PARTS,

WALGREENS, SONIC & METRO PCS

Surrounding area Retail

EZ PAwn | 9

Page 10: EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking

ConRoe, TX oveRview Conroe is the seat of Montgomery County and falls within the Houston-The woodlands-Sugar metropolitan area, which had an estimated 2014 population of 6 .49 million . Conroe is located only 43 miles north of Houston, the most populous city in Texas and the American South and the fourth most populous city in the country .

Houston is recognized worldwide for its energy industry - particularly for its oil and natural gas - as well as for biomedical research and aeronautics . The Houston area is also the top u .S . market for exports, surpassing new York City .

POPULATION

2013 HOUSEHOLD INCOMES

COnROE

ToP eMPloYeRS in ConRoe

location & demographics

HOuSTOn

1-Mile 3-Mile 5-Mile

2010 12,495 42,246 64,6372015 13,370 46,842 73,9942020 14,736 52,598 84,370

1-Mile 3-Mile 5-Mile

Average $43,560 $58,910 $70,558

42 MIn43 MILES

Employer # of EmployeesConroe Independent School District 6,001Montgomery County 1,952Conroe Regional Medical Center 1,206City of Conroe 631

EZ PAwn | 10

Page 11: EZ pawn - Capital Pacific › PDFViewer.aspx?Name=EZ-Pawn-ConroeTX.pdf(including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking

A unique HUMANRESULTS-DRIVEN client experience

The CaPiTal PaCiFiC eXPeRienCe - ouR dailY CoMMiTMenT To ouR ClienTS

[ www.CapitalPacific.com ]

bob SanneRbsanner@capitalpacific .com | (415) 274-2717 CA BRE# 00869657

RiCK SanneRrsanner@capitalpacific .com | (415) 274-2709 CA BRE# 01792433

John andReinijandreini@capitalpacific .com | (415) 274-2715 CA BRE# 01440360

[ Copyright © 2015 Capital Pacific LLC ]

Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .

ChRiS KoSTaneCKi

ChRiS PeTeRS

dave luCaS

ZandY SMiTh

JaCK navaRRa

Zeb RiPPle

Joe CaCCaMo

gRegg STeele

KaRla ZenS

In Conjunction with TX Licensed Broker:Steve Sieling, Azur Commercial Capital, LLC(214) 888-8262 | steve@azurcc .com


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