EZ pawn
high volume storenew 10 year lease Extension 222 S Frazier St., Conroe, TX 77301
[ www.CapitalPacific.com ]
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
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
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
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
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
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
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
SUbjECT PROPERTY IS ADjACENT
TO PHILLIPS 66, NAPA AUTO PARTS,
WALGREENS, SONIC & METRO PCS
Surrounding area Retail
EZ PAwn | 9
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
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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 .
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In Conjunction with TX Licensed Broker:Steve Sieling, Azur Commercial Capital, LLC(214) 888-8262 | steve@azurcc .com