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EZPawn 2040 Bessemer Rd 4,500 SF Retail Building Birmingham, AL 35208 $928,572 ($206.35/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

Recent Extension - New 10 Year Primary Term with Four 5-Year Option Periods - 2% Annual Rent Increases in Primary Term & Option Periods
Successful Operation at this Location Since 1993 – Over 32 Years
5 Miles from Downtown Birmingham, AL – MSA Population Exceeding 1.19 Million

Absolute NNN Leased EZPAWN - Lease Guaranteed by EZCORP, Inc. – Leading Provider of Pawn & Loans in The U.S. & Latin America
4,886 SF building on 0.33 Acre Parcel – Positioned on Bessemer Road Over 20,500 VPD
Strong Demographics – Over 151,300 Residents within 5 Mile Radius

EXECUTIVE SUMMARY

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the single-tenant absolute net leased EZPAWN in Birmingham, AL. EZPAWN is a subsidiary of EZCORP, Inc. (NASDAQ: EZPW), a leading provider of pawn and loans in the United States and Latin America with over 1,300 locations across 5 countries and 20 brands and a market cap exceeding $1.1 billion. EZCORP Inc stock is up over 52% YOY.
EZPAWN, having operated successfully at this location for over 32 years, recently renewed the lease for an additional 10 years with four 5-year option periods demonstrating the strength and profitability of this location. The property has a corporate guaranteed, absolute NNN lease with 2% annual rent increases with a publicly traded strong performing tenant.
The 4,886 SF building on 0.33-acre parcel is strategically located along Bessemer Road (Route 11), which sees over 20,500 VPD, and is within 5 miles of downtown Birmingham. Nearby retailers include Food Giant, CVS Pharmacy, Walgreens, Family Dollar, Dollar General, Chase Bank, Wells Fargo, McDonald’s, Starbucks, Popeyes, KFC, Taco Bell and more.
This is an excellent opportunity to purchase a long-term net leased pawn shop in Birmingham, AL (MSA population exceeding 1.19 million) with a corporate guarantee, no landlord duties and annual rent increases providing passive cash flows for years to come.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

4,500 SF

Building Class

Year Built

1979

Price

$928,572

Price Per SF

$206.35

Cap Rate

NOI

$65,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.31

Lot Size

0.33 AC

Zoning

Parking

18 Spaces (4.47 Spaces per 1,000 SF Leased)

Frontage

126’ on US-11 Hwy

Pylon Sign

Signage

Retailer
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Jan 0000

EZPAWN welcomed their first customers in 1974 in Austin, Texas. A lot of years have passed and millions of customers served, yet everyday they still work to make their customers’ lives easier. Today, at hundreds of pawn shops nationwide, they help hardworking, everyday people get quick access to cash and brand-name merchandise by pawning or selling quality items. From beginning to end, they take pride in making the process easy. They never lose sight of their promise to deliver great customer service.