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El Dorado<br />
High School<br />
EXCLUSIVE LISTING AGENTS:<br />
Joe Caputo<br />
214.522.7200<br />
joe@exp1031.com<br />
Bob Moorhead<br />
214.522.7200<br />
bob@exp1031.com<br />
R.C. <strong>Poe</strong> <strong>Rd</strong><br />
CASH AMERICA<br />
At Loop 375 Off Montana Avenue, El Paso, Texas<br />
$1,260,000 / 8.00% CAP<br />
Brand New, 10-Year Absolute NNN Cash America w/ 10% Increases Every 5-Years<br />
FORT BLISS – 1,700 Acres Army Base<br />
Cash America International, Inc. (NYSE CSH): Founded in 1984 | $1.65B Market Cap | 21% Growth Since 2010<br />
Cash America Owns & Operates 1,000+ Locations in the United States and Mexico<br />
Located at Loop 375 (18,017 Cars / Day) Off Montana Ave. (36,717 Cars / Day)<br />
Adjacent to Wal-Mart, Lowe’s, El Dorado High School, Sierra Provident Medical - 350 Beds & Fort Bliss<br />
Fort Bliss: 1,700 Acres | 85,000 Active Military, Family, National Guard & Retirees | Pop. to Increase 70% in 4 Years<br />
$4 Billion New Construction | Economic Impact to Area: $13.9 Billion New Labor & $50 Million Annual Tax Revenue<br />
El Paso Ranked 9 th Best US City in Economic Performance -Milken Institute | 2 nd Safest Large US City -CQ Press<br />
Over 70 Fortune 500 Companies Have Offices in El Paso
CASH AMERICA<br />
12215 R.C. <strong>Poe</strong> Road, El Paso, TX<br />
TABLE OF CONTENTS<br />
PAGE 1: COVER<br />
PAGE 2: TABLE OF CONTENTS - DISCLAIMER<br />
PAGE 3: INVESTMENT OVERVIEW<br />
PAGE 4: SITE PLAN<br />
PAGE 5-6: AERIAL PHOTOGRAPHS<br />
PAGES 7: LOCATION OVERVIEW<br />
PAGE 8-9: LOCATION MAPS<br />
PAGE 10: DEMOGRAPHICS<br />
FILE PHOTO<br />
CONFIDENTIAL MEMORANDUM & DISCLAIMER<br />
<strong>EXP</strong> <strong>Realty</strong> <strong>Advisors</strong>, Inc. (“Agent”) has been engaged as the exclusive agent for the sale of the building located at 12215 R.C. <strong>Poe</strong> Rad, El Paso, TX by the owner of the Property (“Seller”). The Property is being offered for<br />
sale in an “as-is, where-is” condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly<br />
confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein. The enclosed materials are being provided solely to facilitate the prospective<br />
investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or<br />
implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained<br />
herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions<br />
contained therein. Neither the Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information<br />
transmitted or made available or any action taken or decision made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon<br />
the material contained herein. Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves<br />
the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is<br />
made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of<br />
Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a<br />
binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations hereunder have been satisfied or waived. By taking<br />
possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest<br />
confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials<br />
or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller and Agent.<br />
TABLE OF CONTENTS – DISCLAIMER | 2
CASH AMERICA<br />
12215 R.C. <strong>Poe</strong> Road, El Paso, TX<br />
PRICE: $1,260,000<br />
CAP RATE: 8.00%<br />
NOI: $100,740<br />
BUILDING AREA: 5,000 +/- Square Feet<br />
LAND AREA: 0.96 +/- Acres<br />
OCCUPANCY: 100% | Single Tenant<br />
YEAR BUILT: 2011<br />
Tenant: Cash America<br />
LEASE OVERVIEW<br />
Leasable Area: Approximately 5,000+/- Square Feet on Approximately 0.96 Acres<br />
Initial Lease Term: 10-Years<br />
Options to Renew: 3, 5-Year Options to Renew<br />
Rent Commencement Date: March 2012<br />
Lease Expiration (Primary Term): March 2022<br />
Lease Type: Absolute NNN | No Landlord Responsibility<br />
Rent Increases: 10% on First Day of Lease Year 6 & Beginning of Each Option Period<br />
Year 1-5 Annual Rent (Current): $100,740<br />
Year 6-10 Annual Rent: $110,814<br />
Year 11-15 Annual Rent (Option 1): $121,895<br />
Year 16-20 Annual Rent (Option 2): $134,084<br />
Year 21-25 Annual Rent (Option 3): $147,493<br />
CASH AMERICA INTERNATIONAL, INC. (NYSE: CSH)<br />
Founded 1984 | HQ in Fort Worth, TX | 6,017 Employees<br />
$1.65 Billion Market Cap as of October 2011<br />
2010: $1.29 Billion Revenue | $115.5 Million Net Income | $796 Million Net Worth<br />
3 rd Quarter Revenue Up 21% from 2010 | 15% Growth Projected for 2012<br />
Cash America International, Inc. is a Fort Worth, Texas based company<br />
offering specialty financial services to individuals. In 1983, Cash America<br />
founder Jack Daugherty opened the first Cash America Pawn in Irving,<br />
Texas. The company is now public and has expanded to become one of<br />
the largest pawnshop chains in the country. Today, Cash America owns<br />
and operates over 1,000 locations in the United States and Mexico, and<br />
via the Internet, in the United Kingdom, Australia and Canada. They are<br />
the largest provider of secured non-recourse loans, commonly referred<br />
to as pawn loans, and operate under the brand names Cash America<br />
Pawn, SuperPawn, Pawn X-Change and Prenda Fácil.<br />
The company also offers short-term cash advances in many of their<br />
locations, including over 200 stores that offer this service under the<br />
brand names Cash America Payday Advance and Cashland.<br />
Cash America was one of the first companies to raise capital to build a<br />
chain of pawnshops. They were early adopters of a formal training<br />
system for their employees and one of the first to network their stores.<br />
They also created a centralized jewelry processing center, sophisticated<br />
practices to verify gold content and confirm the quality of diamonds, and<br />
a proprietary pricing system to help them set consistent guidelines for<br />
lending, buying and selling merchandise. Most importantly, Cash America<br />
created a culture based on positive core values.<br />
As of December 31, 2010 Cash America International, Inc. reported total<br />
revenues of $1.29 billion, a net income of $115.5 million and a net worth<br />
in excess of $796 million.<br />
INVESTMENT OVERVIEW | 3
CASH AMERICA<br />
12215 R.C. <strong>Poe</strong> Road, El Paso, TX<br />
Progress Photo – November 15, 2011<br />
January 2012 Estimated Building Delivery to Tenant<br />
SITE PLAN | 4
CASH AMERICA<br />
12215 R.C. <strong>Poe</strong> Road, El Paso, TX<br />
Jane A Hambric<br />
Elementary<br />
School<br />
Medical Plaza I<br />
El Dorado High<br />
School<br />
FORT BLISS<br />
AERIAL PHOTOGRAPH | 5
CASH AMERICA<br />
12215 R.C. <strong>Poe</strong> Road, El Paso, TX<br />
El Dorado<br />
High School<br />
R.C. <strong>Poe</strong> <strong>Rd</strong><br />
Medical Plaza I<br />
Montwood<br />
High School<br />
FORT BLISS – 1,700 Acres Army Base<br />
AERIAL PHOTOGRAPH | 6
CASH AMERICA<br />
12215 R.C. <strong>Poe</strong> Road, El Paso, TX<br />
IMMEDIATE TRADE AREA<br />
Cash America is located at R.C. <strong>Poe</strong> Road and Joe Battle Boulevard (Loop<br />
375), which supports over 18,000 vehicles per day, just off Montana<br />
Avenue, over 36,000 vehicles per day. Tenants in the immediate area<br />
include Super Wal-Mart, Lowe’s, Super Target, Home Depot, Starbucks,<br />
McDonald’s, Burger King, Taco Bell, Walgreens, Marriott, and Value Place<br />
hotel. Sierra Medical Center is located just half of a mile from subject<br />
property, which has more than 350 beds and offers a full range of<br />
advanced medical and surgical services to El Paso, and to the outlying<br />
communities of West Texas, southern New Mexico and to international<br />
neighbors in Northern Mexico. El Paso International Airport, which served<br />
over 3 million passengers in 2010, is also just a few miles away.<br />
Fort Bliss is located directly across Montana Avenue and extends up<br />
through New Mexico.<br />
FORT BLISS<br />
The subject property is adjacent to Fort Bliss, a US Army post with an area<br />
of about 1,700 square miles. Fort Bliss is the Army’s second largest<br />
installation and the largest inland military complex in the world, with<br />
training areas extending to New Mexico into the White Sands Missile<br />
Range and neighboring Holloman Air Force Base in Alamogordo.<br />
As of 2005, the base contributed about $1.7 Billion to the local economy,<br />
and many businesses in the region serve the post's troops. In 2005, the<br />
Pentagon recommended transforming Fort Bliss into a heavy armor<br />
training post. Today, the Fort Bliss extended family exceeds over 85,000<br />
people - including active military, their families, National Guard and<br />
retirees. This population will grow nearly 70% over the next four years.<br />
The federal government has broken ground on over $4 billion in fully<br />
funded construction projects in preparation for this staggering increase.<br />
The economic impact to the local economy by 2013 is expected to create<br />
$13.9 billion in new labor and over $50 million in annual tax revenue.<br />
EL PASO, TEXAS<br />
El Paso is a city in and the county seat of El Paso County, Texas, United<br />
States, and lies in far West Texas. In the 2010 census, the city had a<br />
population of 649,121. The market has almost 3.1 million people within a<br />
45-minute drive. There are 7.8 million pedestrian crossings and 12.4 million<br />
vehicular crossings annually between El Paso and Mexico. It stands as one<br />
of the busiest ports of entry along the border.<br />
El Paso is home to the University of Texas at El Paso (founded in 1914 as The<br />
Texas State School of Mines and Metallurgy, and later, Texas Western<br />
College; its present name dates from 1967) and the Texas Tech University<br />
Health Sciences Center at El Paso. Education is also a driving force in El<br />
Paso's economy. El Paso's three large school districts are among the largest<br />
employers in the area, employing more than 19,000 people between them.<br />
The University of Texas at El Paso (UTEP) has an annual budget of nearly<br />
$250 million and employs nearly 3,600 people. A 2002 study by the<br />
university's Institute for Policy and Economic Development stated that the<br />
University's impact on local businesses has resulted in $349 million.<br />
More than 70 Fortune 500 companies have offices in El Paso, including The<br />
Hoover Company, Eureka, Boeing, and Delphi (auto parts). The market has<br />
almost 3.1 million people within a 45-minute drive. Once a major copper<br />
refining area, chief manufacturing industries in El Paso now include food<br />
production, clothing, construction materials, electronic and medical<br />
equipment, and plastics. Cotton, fruit, vegetables, livestock, and pecans are<br />
produced in the area.<br />
El Paso Ranks:<br />
3 rd Best US City for quick service and restaurant growth -Pitney Bowes<br />
9 th Best US City in Economic Performance -2010 Milken Institute<br />
6 th Best Place for Cost of Doing Business -Forbes<br />
2 nd Safest Large US City -2010 CQ Press<br />
LOCATION OVERVIEW | 7
CASH AMERICA<br />
12215 R.C. <strong>Poe</strong> Road, El Paso, TX<br />
LOCATION MAPS | 8
CASH AMERICA<br />
12215 R.C. <strong>Poe</strong> Road, El Paso, TX<br />
LOCATION MAPS | 9
CASH AMERICA<br />
12215 R.C. <strong>Poe</strong> Road, El Paso, TX<br />
2011 DEMOGRAPHIC SNAPSHOT<br />
Radius 3 Mile 5 Mile 10 Mile<br />
Population:<br />
2015 Projection 118,210 190,177 418,809<br />
2010 Estimate 108,438 178,068 398,861<br />
2000 Census 76,618 139,186 341,033<br />
Growth 2010-2015 9.00% 6.80% 5.00%<br />
Growth 2000-2010 41.50% 27.90% 17.00%<br />
2010 Households:<br />
2015 Projection 34,703 57,425 125,558<br />
2010 Estimate 31,608 53,537 119,155<br />
2000 Census 21,993 41,470 100,666<br />
Growth 2010-2015 9.80% 7.30% 5.40%<br />
Growth 2000-2010 43.70% 29.10% 18.40%<br />
Owner Occupied 25,256 39,384 80,380<br />
Renter Occupied 6,352 14,153 38,775<br />
2010 Avg Household Income $56,067 $56,613 $47,970<br />
2010 Med Household Income $50,058 $49,562 $40,161<br />
2010 Per Capita Income $16,307 $17,201 $14,629<br />
2010 Households by Household Inc:<br />
Income Less than $15,000 2,117 4,577 17,858<br />
Income $15,000 - $24,999 2,447 4,973 16,073<br />
Income $25,000 - $34,999 4,926 7,735 18,169<br />
Income $35,000 - $49,999 6,284 9,784 21,407<br />
Income $50,000 - $74,999 9,458 14,891 27,334<br />
Income $75,000 - $99,999 3,577 5,889 9,391<br />
Income $100,000 - $149,999 2,292 4,533 6,988<br />
Income $150,000 - $249,999 421 957 1,598<br />
Income $250,000 - $499,999 71 169 292<br />
Income $500,000 or more 15 28 46<br />
Downtown El Paso<br />
El Paso Skyline<br />
DEMOGRAPHICS | 10
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