302 S New Braunfels Ave
San Antonio, TX 78203
Cash America (7.69% CAP in 2019) · Retail Property For Sale

The subject offering affords investors the opportunity to acquire a corporately guaranteed asset tenanted by Cash America. Operating on a ten-year double-net lease with minimal landlord responsibilities, there are currently approximately four and one quarter years remaining on the current lease term followed by two, five-year option periods. Notably, the lease is structured with attractive rental increases -- the next of which is in August of 2019 and will boost yield from a 7.00% CAP to a 7.69% CAP. Cash America is a First Cash Financial Services company (NYSE: “FCFS”) and functions as both a retailer of pre-owned consumer products and a source of small, short-term pawn loans. As a leading global pawn operator, First Cash operates over 2,100 store locations in 26 U.S. states and Latin America. The subject property is ideally located in immediate proximity to downtown San Antonio and boasts idea financial demographics that are ripe for Cash America’s business model to thrive in. San Antonio is the seventh most populous city in the United States and the second most populous city in both Texas and the Southern United States. San Antonio has a population of approximately 1,492,510 and there are approximately 328,578 residents residing within a five-mile radius of the property.