Property Details

EZ Corp

Austin, TX
Property ID: 15115

Financial Summary

Asking Price $2,653,800
Cap Rate 6.00%
Net Operating Income (NOI) $159,228
Lease Type NN
Lease Term Remaining 9 Years

Offering Memorandum

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Contact

Landan Dory
Vice President
512.474.2411

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Highlights

  • Current rents are $12.18 PSF, which is 45% below market asking rates for mean comparable properties ($22.79 PSF) in a submarket with an incredibly low vacancy rate of 3.2%
  • 99,804 two-mile and 356,145 five-mile populations
  • Resilient masonry construction
  • New roof installed in 2018
  • Minimal Landlord responsibilities
  • Pawn shops outperform all retail in times of economic strife

Location

8409 N Lamar Boulevard
Austin, TX

Traci BidingerEZ Corp