EZPAWN | Triple Net (NNN) Lease
$1,338,980
5901 Lyons Avenue, Houston, TX 77020
For Sale
Retail
Free Standing
Active
Last Updated: 06/01/2021
6
Cap Rate
80,339
NOI
Details:
Cap Rate: 6%
NOI: $80,339
Building Size: 8,663 sqft
Lot Area: 0.29 acres
Lease Type: Triple Net
Year Built: 1940
Price Per Sqft: $154.56
Roof & Structure: Tenant’s Responsibility
HVAC: Tenant’s Responsibility
Repairs & Maintenance: Tenant’s Responsibility
Highlights:
- Secure and Ease of Management Investment – Corporate Guarantee Triple Net (NNN) Lease With Over 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
- Over 104,609 Residents Within a 3-Mile Radius and Over 309,061 Residents Within a 5-Mile Radius
- Located Less Than a 15 Minute Drive From Downtown Houston
- Houston is the 4th Most Populous City in the Whole Country With Over 2.320 Million Residents in 2020
- Nearby Tenants Include: AutoZone, Domino’s, Little Caesars, MetroPCS, Taco Bell, Family Dollar, Pizza Hut, CVS Pharmacy, Fiesta, Burger King and More
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,663 S F EZPAWN Located at 5901 Lyons Avenue in Houston, Texas . This Opportunity Includes a Corporate Guarantee on a High - Quality Tenant With Over 500 Locations Nationally, Providing For a Great Investment Opportunity. With a Recently Extended Lease Featuring Over 1 0 Years, This Asset Provides For a Long Term and Secure Investment With Ease of Management and a Strong Yield
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