This exclusive listing is for a single tenant net lease located in Fern Park (Orlando), Florida. The property was remodeled in 2013, consists of approximately 6,200 square feet of building space and is situated on a prime 0.50 acre parcel. There are 10 years remaining on the original 15-year net lease with minimal landlord responsibilities limited to roof and structure and rare 10% rental increases every 5 years with two, five-year options. The lease is guaranteed by EzCorp, a leading provider of short term loans and resale merchandise, publicly traded (NASDAQ: EZPW) and operating over 1,500 locations across North America with 190 locations in the U.K. with reported 2017 record revenues of $435 million and $32 million in net income.
The subject property benefits from a high volume of consumer traffic along the dominant retail corridor serving Fern Park, Altamonte Springs and surrounding Orlando communities. The property is directly across from Lowes with many national credit tenants in the immediate trade area. Fern Park is a densely populated suburb located in the heart of Seminole County approximately 10 miles north of Orlando. The annual rent at the Subject Property is only $20PSF, which is highly replaceable in this trade area. The thriving local economy combined with record breaking population growth position Value Pawn as an ideal scenario for an investor to capitalize on a long term net lease investment property with generous rent increases located in a densely populated and rapidly growing market.