EZ pawn - cp.capitalpacific.com › PDFViewer.aspx?Name=EZ-Pawn-HarveyIL.pdfauto title loans, or...

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EZ pawn high volume store new 10 year lease 468 E Sibley Blvd., Harvey, IL 60426 [ www.CapitalPacific.com ]

Transcript of EZ pawn - cp.capitalpacific.com › PDFViewer.aspx?Name=EZ-Pawn-HarveyIL.pdfauto title loans, or...

Page 2: EZ pawn - cp.capitalpacific.com › PDFViewer.aspx?Name=EZ-Pawn-HarveyIL.pdfauto title loans, or fee-based credit services) to customers seeking loans . At its pawn stores, the company

REntaBLE SF . . . . . . . . . . . . . . . 6,885 SF

PRICE PER SF . . . . . . . . . . . . . . . $195

Land aREa . . . . . . . . . . . . . . . 36,539 SF

YEaR REnovatEd . . . . . . . . . . 2015

CuRREnt REnt . . . . . . . . . . . . $16 .05/SF

PRICE: $1,299,874CAP: 8.50%

Listing TeamContact Info

In conjunction with IL Licensed Broker:Keeler Real Estate, LLC | Lic# 481011246(312) 263-1010

PROperty Summary

Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .

RICK SANNERrsanner@capitalpacific .com | (415) 274-2709CA BRE# 01792433

John Andreinijandreini@capitalpacific .com | (415) 274-2715CA BRE# 01440360

Bob SANNERbsanner@capitalpacific .com | (415) 274-2717CA BRE# 00869657

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ProPerty highlights

High performing store with 10+ year of operating history . Tenant extended the lease early for another 10 years

There will be a new roof, paint, and repaired/re-striped parking lot prior to a new buyer closing

Area retailers inclued Dunkin Donuts, McDonald’s, CVS, walgreens, Advance Auto, Foot Locker, KFC, and many others

Over 33,000 VPD on E . Sibley Blvd

eZ Pawn

In fiscal 2014, the company reported total revenues of over $1 billion

As of 9/8/2015, EZCorp owned and operated 1,400+ stores

EBITDA of over $92 million

lease

10-year corporate lease; 10% rental increases every 5 years including option periods

Tenant responsible for repair, maintenance, and replacements of interior non-structural components including HVAC

Landlord responsible for roof and structure

very dense population - over 274,000 people within a 5-mile radius

core characteristics

[ Surrounding area retail] EZ PAwn | 3

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EZ Pawn aerial

torr

ence

ave

nue

80

94

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294

Sibley Boulevard83

83

831

1

6

Caroline Sibley

Elementary

Brooks Middle School

Rosa L. Parks Middle School

Sandburg Elementary

Roosevelt Elementary

Madison Elementary

Roosevelt Jr. High School

Washington School

thorton township

High School

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RIvER oaKS CEntER

RIvER oaKS PLaZa WESt

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WaSHInGton SQuaRE MaLL PaRK PLaCE PLaZa

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94

33,900 Daily

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PRICE $1,299,874 Price Per Square Foot: $188 .80

Capitalization Rate: 8 .50%

Total Rentable Area (SF): 6,885

Lot Size (AC): 0 .16

STABILIZED INCOME Per Square FootRent $16 .05 $110,489

Effective Gross Income $16 .05 $110,489

LESS Per Square FootTaxes nnn $0 .00

Insurance nnn $0 .00

Total Operating Expenses nnn $0 .00

EQUALS NET OPERATING INCOME $110,489 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

income & expense

[ representative photo ]

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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

rent roll

[ Surrounding area retail]

TENANT INFO LEASE TERMS RENT SUMMARY

Tenant name Sq . Ft . Term Current Rent

Monthly Rent

YearlyRent

MonthlyRent/FT

YearlyRent/FT

EZ Pawn 6,885 12/1/2015 11/30/2020 $110,489 $9,207 .44 $110,489 $1 .34 $16 .05

12/1/2020 11/30/2025 $9,547 .44 $114,569 $1 .39 $16 .64

Option 1 12/1/2025 11/30/2030 $10,502 .18 $126,026 $1 .53 $18 .30

Option 2 12/1/2030 11/30/2035 $11,552 .40 $138,629 $1 .68 $20 .13

Totals: 6,885 $110,489 $9,207 $110,489 $1.34 $16.05

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site plan

E 14

7th

Stre

et

W Sibley Boulevard83

not a Part

not a Part

33,900 daILY

SItE PLan KEY

PARCEL OuTLInE:

LAnD AREA: 0 .84 ACRES

BuILDInG AREA: 6,885 SF

InGRESS/EGRESS:

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tenant overview

representative Photo

ABOuT EZCORPEZCORP, Inc . (nASDAQ: EZPw), is a market leader in the specialty consumer finance industry dedicated to satisfying the short-term cash needs of consumers who find themselves both cash and credit constrained . EZCORP provides collateralized non-recourse loans, commonly known as pawn loans, and a variety of short-term consumer loans (including payday loans, installment loans and auto title loans, or fee-based credit services) to customers seeking loans . At its pawn stores, the company also sells merchandise, primarily collateral forfeited from its pawn lending operations .

EZCORP offers pawn loans in over 471 pawn stores in 19 states and Mexico . EZCORP also offers signature loans in select states, either in their pawn stores or through their 380 EZMOnEY Loan Services, EZMOnEY Payday Loans or EZ Loan Services stores .

Founded in 1989, EZCORP operates more than 1,300 stores, including over 500 pawn stores in the u .S . and Mexico and over 500 short-term consumer loan stores in the u .S . and Canada under the EZCORP, Empeno Fácil (MX), Value Pawn, EZMOnEY Loan Services, EZMOnEY Payday Loans and EZ Loan Services, and CashMax / Cash Converters (uS and Canada) brand names .

The company also has significant investments in Albemarle & Bond Holdings PLC (ABM .L), one of the u .K .’s largest pawn broking businesses with over 130 stores, and Cash Converters International Limited (CCV .L and CCV .AuS), which franchises and operates a worldwide network of almost 600 stores that provide financial services and sell pre-owned merchandise .

2014 REvEnuE $1 BILLION +nuMBER oF LoCatIonS 1400 +

[representative photo] [representative photo]

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subjeCt ProPerty is

aDjaCent to MCDonalD’s

Area photos

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HaRvEY, IL ovERvIEW Harvey is located in Cook County and had a 2010 population of over 25,000 . Harvey is only 23 miles south of Chicago, the third most populous city in the country and the most populous city in Illinois and the mid west, with over 2 .7 million residents .

Chicago has the third largest gross metropolitan product in the u .S . - approximately $532 billion according to 2010 estimates . The city has been rated as having the most balanced economy in the country due to its high level of diversification . Additionally, the Chicago metropolitan area recorded the greatest number of new or expanded corporate facilities in the country in 2014 .

PoPulation

2013 householD inCoMes

CHICAGO

toP EMPLoYERS In CHICaGo

location & demographics

HARVEY

30 MIn23 MILES

Baird & warnerAbt Electronics Rush-Copley Medical Center Coyote Logistics Hyatt Hotels

1-Mile 3-Mile 5-Mile

2010 15,196 108,433 277,5342015 14,803 107,830 274,3942020 14,642 108,089 273,807

1-Mile 3-Mile 5-Mile

Average $47,403 $51,947 $54,984

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A unique HUMANRESULTS-DRIVEN client experience

tHE CaPItaL PaCIFIC ExPERIEnCE - ouR daILY CoMMItMEnt to ouR CLIEntS

[ www.CapitalPacific.com ]

[ Copyright © 2015 Capital Pacific LLC ]

Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .

CHRIS KoStanECKI

CHRIS PEtERS

davE LuCaS

ZandY SMItH

JaCK navaRRa

ZEB RIPPLE

JoE CaCCaMo

GREGG StEELE

KaRLa ZEnS

BoB SannERbsanner@capitalpacific .com | (415) 274-2717 CA BRE# 00869657

RICK SannERrsanner@capitalpacific .com | (415) 274-2709 CA BRE# 01792433

JoHn andREInIjandreini@capitalpacific .com | (415) 274-2715 CA BRE# 01440360

In conjunction with IL Licensed Broker:Keeler Real Estate, LLC | Lic# 481011246(312) 263-1010