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Transcript of EZ pawn - cp.capitalpacific.com › PDFViewer.aspx?Name=EZ-Pawn-HarveyIL.pdfauto title loans, or...
EZ pawn
high volume storenew 10 year lease 468 E Sibley Blvd., Harvey, IL 60426
[ www.CapitalPacific.com ]
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
EZ Pawn aerial
torr
ence
ave
nue
80
94
80
57
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
®
RIvER oaKS CEntER
RIvER oaKS PLaZa WESt
tHE LandInGS
WaSHInGton SQuaRE MaLL PaRK PLaCE PLaZa
ChiCago
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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[ 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