EZPAWN For Sale | Corporate Guarantee Triple Net (NNN) Lease
$793,056
1012 Santa Ursula Avenue, Laredo, TX 78040
For Sale
Retail
Free Standing
Active
Last Updated: 09/03/2021
6
Cap Rate
47,583
NOI
Details:
Cap Rate: 6%
NOI: $47,583
Building Size: 6,800 sqft
Lot Area: 0.31 acres
Lease Type: Triple Net
Year Built: 1910
Price Per Sqft: $116.62
Highlights:
- Secure and ease of management investment - Corporate guarantee Triple Net (NNN) Lease with approximately 10 years remaining and two, five year options to extend.
- Tenant recently extended the initial term of the lease demonstrating strong confidence in this location for the long-term investment outlook
- EZCORP Guarantee - Parent entity includes over 500 locations in the U.S. and Latin America
- Excellent hedge against inflation with a 7.5% rental increase on july 1, 2026, and an additional increase at option periods
- Tenant has resided at this location since 2002 showing commitment to the site
- Recession-proof tenant which resides in an income tax-free state
- Less than 1-mile from the U.S./Mexico Border
- More than $20 billion in goods pass through Laredo's border crossing annually
- Over 96,875 residents live within a 3-mile radius and over 172,986 residents live within a 5-mile radius
- Nearby tenants include: Valero, MetroPCS, Burger King, McDonald’s, Firestone, Dollar Tree, Melrose, Wells Fargo, Popeyes and more
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,800 SF EZPAWN at 1012 Santa Ursula Avenue in Laredo, Texas. This Opportunity Includes a Corporate Guaranteed Triple Net Lease Located in the City That is the #1 Trading Port in the U.S. With a Recently Extended Lease Featuring Approximately 10 Years, This Asset Provides For a Long Term and Secure Investment With Ease of Management and a Strong Yield.
In Cooperation With Sands Investment Group Austin, LLC
Lic. # 9004706 BoR: Max Freedman - Lic. # 644481
Documents:
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Offering Memorandum |
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