Property Details

EZ Pawn

Ingelside, Texas
Property ID: 15164

Financial Summary

Asking Price $821,822
Cap Rate 7.75%
Net Operating Income (NOI) $63,691
Lease Type NN

Offering Memorandum

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Contact

Landan Dory
Vice President
512.474.2411

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Highlights

  • NN lease through 2030 with 1% annual escalations
  • New roof installed 2013 with a 15-year warranty
  • Tenant pays taxes and insurance
  • Corporate guaranteed lease
  • RPSF is $13.27 which falls below the market average of$14.49 (Costar data)
  • Two, five, and ten-mile population density of 7,874, 18,307, and 44,354 respectively.
  • 15,676 VPD
  • 2% annual population growth
  • Transient blue collar market well-serves pawn business

Location

2707 TX-361
Ingelside, Texas

Leigh ClineEZ Pawn