2040 Bessemer Rd - Freestanding FOR SALE


Birmingham, AL 35208- Central Park
$928,572 USD
949-724-5552
2040 Bessemer Rd, Birmingham, AL for Sale
$928,572 USD
Freestanding - FOR SALE
1/4
null | 7% Cap Rate

2040 Bessemer Rd
Birmingham, AL 35208
Central Park


HIGHLIGHTS

  • Recent Extension - New 10 Year Primary Term with Four 5-Year Option Periods - 2% Annual Rent Increases in Primary Term & Option Periods
  • Absolute NNN Leased EZPAWN - Lease Guaranteed by EZCORP, Inc. – Leading Provider of Pawn & Loans in The U.S. & Latin America
  • Successful Operation at this Location Since 1993 – Over 32 Years
  • 4,886 SF building on 0.33 Acre Parcel – Positioned on Bessemer Road Over 20,500 VPD
  • 5 Miles from Downtown Birmingham, AL – MSA Population Exceeding 1.19 Million
  • Strong Demographics – Over 151,300 Residents within 5 Mile Radius

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the single-tenant absolute net leased EZPAWN in Birmingham, AL. EZPAWN is a subsidiary of EZCORP, Inc. (NASDAQ: EZPW), a leading provider of pawn and loans in the United States and Latin America with over 1,300 locations across 5 countries and 20 brands and a market cap exceeding $1.1 billion. EZCORP Inc stock is up over 52% YOY. EZPAWN, having operated successfully at this location for over 32 years, recently renewed the lease for an additional 10 years with four 5-year option periods demonstrating the strength and profitability of this location. The property has a corporate guaranteed, absolute NNN lease with 2% annual rent increases with a publicly traded strong performing tenant. The 4,886 SF building on 0.33-acre parcel is strategically located along Bessemer Road (Route 11), which sees over 20,500 VPD, and is within 5 miles of downtown Birmingham. Nearby retailers include Food Giant, CVS Pharmacy, Walgreens, Family Dollar, Dollar General, Chase Bank, Wells Fargo, McDonald’s, Starbucks, Popeyes, KFC, Taco Bell and more. This is an excellent opportunity to purchase a long-term net leased pawn shop in Birmingham, AL (MSA population exceeding 1.19 million) with a corporate guarantee, no landlord duties and annual rent increases providing passive cash flows for years to come.

FOR SALE DETAILS

PRICE

$928,572 USD

PRICE/SF

$206 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

EZPawn

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,364 SF

ZONING

B2

APN/PARCEL ID

29-00-05-3-026-010.000

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.