Offering Memorandum Value Pawn & Jewelry Jacksonville, Florida Value Pawn Has Been Operating From This Location for 20+ Years Brand New, 10-Year, Triple Exceptional Location Just EZCORP is Traded on Located in Florida’s 4th Net (NNN) Lease with Rent Minutes from Downtown NASDAQ Under the Ticker Largest Metro Area With a Increases Every 5 Years Jacksonville Symbol EZPW Population of 1.5 Million CONFIDENTIALITY AND DISCLAIMER NET LEASED DISCLAIMER The information contained in the following Marketing Brochure is proprietary and Marcus & Millichap hereby advises all prospective purchasers of Net Leased property strictly confidential. It is intended to be reviewed only by the party receiving it from as follows: Marcus & Millichap Real Estate Investment Services of Florida, Inc. and should not be made available to any other person or entity without the written consent of Marcus & The information contained in this Marketing Brochure has been obtained from sources Millichap. This Marketing Brochure has been prepared to provide summary, unverified we believe to be reliable. However, Marcus & Millichap has not and will not verify any information to prospective purchasers, and to establish only a preliminary level of of this information, nor has Marcus & Millichap conducted any investigation regarding interest in the subject property. The information contained herein is not a substitute these matters. Marcus & Millichap makes no guarantee, warranty or representation for a thorough due diligence investigation. Marcus & Millichap has not made any whatsoever about the accuracy or completeness of any information provided. investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the As the Buyer of a net leased property, it is the Buyer’s responsibility to independently property, the size and square footage of the property and improvements, the presence confirm the accuracy and completeness of all material information before completing or absence of contaminating substances, PCB’s or asbestos, the compliance with any purchase. This Marketing Brochure is not a substitute for your thorough due State and Federal regulations, the physical condition of the improvements thereon, diligence investigation of this investment opportunity. Marcus & Millichap expressly or the financial condition or business prospects of any tenant, or any tenant’s plans or denies any obligation to conduct a due diligence examination of this Property for Buyer. intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; Any projections, opinions, assumptions or estimates used in this Marketing Brochure however, Marcus & Millichap has not verified, and will not verify, any of the information are for example only and do not represent the current or future performance of this contained herein, nor has Marcus & Millichap conducted any investigation regarding property. The value of a net leased property to you depends on factors that should be these matters and makes no warranty or representation whatsoever regarding the evaluated by you and your tax, financial and legal advisors. accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and NON-ENDORSEMENT NOTICE Buyer’s legal and financial advisors must request and carefully review all legal Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial and financial documents related to the property and tenant. While the tenant’s tenant or lessee identified in this marketing package. The presence of any corporation’s past performance at this or other locations is an important consideration, it is not a logo or name is not intended to indicate or imply affiliation with, or sponsorship or guarantee of future success.Similarly, the lease rate for some properties, including endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or newly-constructed facilities or newly-acquired locations, may be set based on a any agent, product, service, or commercial listing of Marcus & Millichap, and is solely tenant’s projected sales with little or no record of actual performance, or comparable included for the purpose of providing tenant lessee information about this listing to rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail prospective customers. to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT the intrinsic value of the property and the value of any long-term lease, including YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property. FINANCIAL OVERVIEW Overview Base Term Annual Rent PSF Cap Rate 5741 North Main Street, Jacksonville, FL 32208 Lease Years 1 – 5: $84,791 $11.78 6.50% Price: $1,304,475 Lease Years 6 – 10: $91,150 $12.66 6.99% Cap Rate: 6.50% Rentable Square Feet: 7,200 Option Periods Annual Rent PSF Cap Rate Annual Rent: $84,791 Option 1, Years 11 – 15: $100,265 $13.93 7.68% Price PSF: $181.18 Option 2, Years 16 – 20: $110,291 $15.31 8.45% Land Area: 0.46 Acres Year Built: 1998 Lease Summary Tenant: Value Pawn & Jewelry Website: www.ValuePawnandJewelry.com Lease Guarantor: Corporate Lease Type: NNN Lease Term: 10 Years Option Periods: 2, 5-Year Options Rent Increases: 7.5% in Year 6; 10% in Each Option Period Roof & Structure: Tenant Commencement: 4/1/2020 Lease Expiration: 3/31/2030 Subject Property INVESTMENT HIGHLIGHTS New, 10-Year, NNN Lease • Recently Extended, Brand New, 10-Year, Triple Net (NNN) Lease with No Landlord Responsibilities Jacksonville is the 4th Largest Metro in FL • Two, Five-Year Renewal Options • Jacksonville has a Very Strong Military Presence and is Home to • 7.5 Percent Rent Increase in Year 6; and 10 Percent in Each Naval Air Station Jacksonville and Mayport Naval Station Option Period • The Jacksonville Metro is Home to More Than 1.5 Million People • Tenant Has Operated From This Location for More Than 20 • Jacksonville has Developed a Large Financial Services Sector, Years, Showing a Strong Commitment to the Site Led by Bank of America, Fidelity National and Citibank • The Metro is Projected to Add Roughly 105,800 People Through Strong Demographics and Traffic Counts 2024 • Located on Main Street, a Major Connector for the Jacksonville Area with Direct Access to Downtown Jacksonville • Main Street has a Daily Traffic Count of Approx. 20,100 Vehicles • Population Over 170,000 Within Five Miles of Property • Surrounding National Retailers Include Badcock Home Furniture, Hibbett Sports, Rainbow Shops, Family Dollar, Rent-A-Center, Winn Dixie, Buddy’s Home Furniture, Pizza Hut, Wendy’s, McDonald’s, Cricket Wireless, Harvey’s Supermarket, Walgreens, Bank of America and Many More • Within Close Proximity to Interstate 95 With a Daily Traffic Count of 130,000 Vehicles Surrounding Area | Colleges, Airports and MORE • Exceptional Location Just Minutes from Downtown Jacksonville • Two Miles from UF Health Jacksonville, a 695-Bed Private, Not- for Profit Academic Health Center Affiliated With the University of Florida • Eight Miles from Jacksonville University With an Enrollment of More Than 4,200 Students 5741 North Main Street • 11 Miles from Jacksonville International Airport Jacksonville, Florida 32208 TENANT SUMMARY 100+ LOCATIONS IN FL & GA ormed with 16 pawn stores in 1989, EZCORP has grown into a leading provider of pawn loans in the United States and Latin FAmerica. At our pawn stores, we also sell merchandise, primarily collateral forfeited from pawn lending operations and used merchandise STOCK SYMBOL purchased from customers. Our Stores in Canada specialize in offering consumers non-collateralized short-term loans. We are dedicated to NASDAQ: satisfying the short-term cash needs of consumers who are both cash and credit constrained and providing an industry-leading customer EZPW experience. We provide numerous convenient options to obtain short-term cash, including non-recourse pawn loans collateralized by personal property. We also sell pre-owned merchandise to consumers seeking good value. Headquartered in Austin, Texas, EZCORP is traded on NASDAQ under the ticker
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