First Cash Ltd. Portfolio of 2

Dallas & Carrollton - Dallas MSA

LTV (Loan to Value)	65.00%	Current NOI	$0.00
Interest Rate	4.250%	Capital Rate	7.250%
Fixed Term	10 Years	Land Area
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,075,750.00	Property Type	Retail
Payment	$5,827.75	Property Lease	Pawn Store
Bulding Size	0 SF	Remaining Terms	Ten (10) Years

Location Description

NNN Lenders as the Owner's exclusive agent, is pleased to offer the opportunity to acquire two free-standing Regent Pawn locations, each with long-term leases in-place, located at 4307 W Jefferson Boulevard in Dallas, TX and 1405 E Belt Line Road in Carrollton, TX. Regent Pawn & Jewelry, which was established in 1974, was purchased in August 2014 by First Cash Financial Services, a leading international pawnshop operator with over 800 locations under management and a Moody's rating of Ba3 (NASDAQ: FCFS). First Cash, Ltd., recently signed a new ten (10) year NN lease that commenced in September 2014 and extends through August 2024. The lease includes attractive 10% rental rate increases every five years and three five-year renewal options with 10% rental rate increases during each option period. Both subject properties are ideally located in densely populated areas to take advantage of the targeted customer base, which is proven by the fact that each store has been operating in its respective location for approximately 30 years. The continued long-term prospects of each free-standing store are excellent and will be bolstered by the strong operational support of First Cash Financial Services.

Highlights

Tenant/Guarantor – First Cash Financial Services, Inc. is a leading international pawnshop operator with over 800 locations in 12 U.S.…

Property Description

Carrollton is a city in Denton County, Dallas County and Collin County in the state of Texas. As of the 2010 census, the city's population was 119,097 making it the twenty-third most populous city in the state of Texas. Carrollton is a suburb of Dallas and in 2006 was named to America's “Top 100 Places to Live” by Relocate America. Also in 2006, Carrollton was selected as the 19th best place to live in the United States by Money magazine] In 2008 it was named by Money magazine the 15th best place to live among small cities. According to the city's most recent Comprehensive Annual Financial Report, the city's various funds had $80,591,584 in Revenues, $79,091,366 in expenditures, $26,674,276 in total assets, $3,006,754 in total liabilities, and $22,950,199 in cash and investments. The City of Carrollton is located in the heart of the Dallas-Fort Worth area. Its location offers residents and businesses, direct access to a large labor market, top colleges and tourist attractions. Carrollton's convenient location offers residents and businesses direct access to an extensive labor market, top universities, airports, and tourist attractions. 15 minutes to Dallas-Fort Worth International Airport 25 minutes to Dallas Love Field Airport 10 minutes to Addison Airport 30 minutes to Downtown Dallas 15 minutes to University of Texas-Dallas 30 minutes to University of North Texas 25 minutes to Southern Methodist University