3151 E Texas St
Bossier City, LA 71111
Cash America · Retail Property For Sale

The subject offering affords investors the opportunity to acquire a high-yield,corporately guaranteed asset tenanted by Cash America. Built-to-suit in 2011 on a fresh ten-year absolute net lease, there are currently approximately four years remaining on the current term followed by three, five-year option periods – each of which contains an attractive ten percent rent escalator. 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. Unlike most tenants in the retail space, this offering provides a tenant that is largely immune from internet competition as collateral requirements and required bank accounts generally limit internet pawn lending. Likewise, most of Cash America’s retail sales are made to a core consumer base in their local markets. Additionally, and unlike many traditional consumer loan products, pawn loans are different as they are non-recourse, have significantly smaller average loan sizes, and operate under a much more stable regulatory climate. The subject property is ideally located just off of Interstate 20 and along a highly trafficked retail corridor with neighboring tenants including, but not limited to: Big Lots, CVS, Office Depot, Dillard’s JC Penney, and Regal Cinemas. The property is also approximately one mile from Barksdale Air Force Base and two miles from downtown Shreveport. Bossier City has a population of approximately 69,000 and there are approximately 106,000 residents residing within a five-mile radius of the property. Fueled by new jobs in the defense industry, cyber research, and the city’s stalwart casino and entertainment industry, the Shreveport – Bossier City MSA is one of the fastest growing areas in the state of Louisiana.