Net Lease Cash America | KW Net Lease Advisors

Average Sale and Lease Details

www.cashamerica.com

Price Range 12mo avg:	$900K – $1.66M
$/sf 12mo avg:	$210.56
CAP Rate 12mo avg:	6.88%
NOI average:	$88615
Lease Terms:	10yrs
Typical Lease Type:	NN
Building Size avg:	5985 SF
Lot Size avg:	0.36+/- acres

About Cash America

In 1983, Cash America founder Jack Daugherty opened the first Cash America Pawn in Irving, Texas, with hopes to build a company that would serve the under-banked population—those who could not get financial help from traditional financial lenders. After just a few years, he took the company public and has since expanded Cash America to become one of the largest pawnshop chains in the country.

Cash America International, Inc. is celebrating its 30-year anniversary of providing small loans to individuals since 1984. Today the Company offers a variety of specialty financial services to customers, with an emphasis on pawn lending through its storefront operations. As of December 31, 2014, the Company operated 943 total locations offering specialty financial services to consumers, which included the following:

859 lending locations in 21 states in the United States primarily under the names “Cash America Pawn,” “SuperPawn,” “Cash America Payday Advance,” and “Cashland;” and
84 check cashing centers (all of which are unconsolidated franchised check cashing centers) operating in 12 states in the United States under the name “Mr. Payroll.”

On September 1, 2016 First Cash Financial Services, Inc. merged with Cash America International, Inc. to form FirstCash, Inc. On September 2, 2016 FirstCash began trading on the NYSE. FirstCash has over 2,000 retail and consumer lending locations in the U.S., Mexico, Guatemala and El Salvador making them a leading international operator of pawn stores.

FirstCash focuses on serving cash and credit constrained consumers through its retail pawn locations, which buy and sell a wide variety of jewelry, consumer electronics, power tools, household appliances, sporting goods, musical instruments and other merchandise, and make small consumer pawn loans secured by pledged personal property. Approximately 94% of the Company’s revenues are from pawn operations. FirstCash is a component company in both the Standard & Poor’s SmallCap 600 Index® and the Russell 2000 Index®.

NYSE: FCFS

Annual Reports

Cash America Financial Highlights

S&P Credit Rating:	BB+
Moody’s Credit Rating:	Ba3
Annual Revenue 2016:	$1.09B
Annual Revenue 2015:	$705M

Revenue Growth:	↑ 42.8 2015
Net Income	$60.13M
Units (June 2016)	815
Average Units Volume:	$522K

^{Average Units Volume is calculated on a combined total of Cash America and First Cash units (2,085)}

Yahoo! Finance: FCFS News Latest Financial News for FCFS

FirstCash Announces Upsize and Pricing of $500 Million Senior Notes Due 2028

on August 12, 2020 at 9:00 pm

FORT WORTH, Texas, Aug. 12, 2020 (GLOBE NEWSWIRE) -- FirstCash, Inc. (the “Company”) (Nasdaq: FCFS) today announced that it has upsized and priced a private offering of $500 million in aggregate principal amount of senior notes due 2028 (the “Notes”), representing an increase of $100 million in aggregate principal amount from the previously announced proposed offering size. The Notes will pay interest semi-annually at a rate of 4.625% per annum payable on March 1 and September 1 of each year beginning on March 1, 2021. The Notes will be unsecured senior obligations of the Company. The offering of the Notes is expected to close on August 26, 2020, subject to the satisfaction of customary closing conditions. The Company intends to use the proceeds from the offering to redeem all of the $300 million aggregate principal amount of the Company’s outstanding 5.375% senior notes due 2024 and to repay a portion of the Company’s revolving unsecured credit facility with the remaining proceeds, after payment of fees and expenses related to the redemption and offering.The Notes are being offered in a private placement, solely to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or outside the United States to persons other than “U.S. persons” in reliance on Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.This notice does not constitute an offer to sell the Notes, nor a solicitation for an offer to purchase the Notes, in any jurisdiction in which such offer or solicitation would be unlawful.Forward-Looking InformationThis release contains forward-looking statements, including statements about the Notes offering and the intended use of the net proceeds thereof. Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be identified by the use of forward-looking terminology such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends,” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance, expectations and future plans. Forward-looking statements can also be identified by the fact these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties.These forward-looking statements are made to provide the public with management’s current expectations with regard to the Notes offering and the intended use of the net proceeds thereof. Although the Company believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release. Such factors may include, without limitation, the Company’s ability to satisfy the conditions contained in the agreement with the initial purchasers with regard to the offering and the risks, uncertainties and regulatory developments (1) related to the COVID-19 pandemic, which include risks and uncertainties related to the current unknown duration of the COVID-19 pandemic, the impact of governmental responses that have been, and may in the future be, imposed in response to the pandemic, including stimulus programs which could adversely impact lending demand and regulations which could adversely affect the Company’s ability to continue to fully operate, potential changes in consumer behavior and shopping patterns which could impact demand for both the Company’s pawn loan and retail products, the deterioration in the economic conditions in the United States and Latin America which potentially could have an impact on discretionary consumer spending, and currency fluctuations, primarily involving the Mexican peso and (2) those discussed and described in (i) the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and filed with the Securities and Exchange Commission (the “SEC”) on February 3, 2020, including the risks described in Part 1, Item 1A, “Risk Factors” thereof, and (ii) in the other reports filed with the SEC, including the Company’s Quarterly Report on Form 10-Q for the periods ended March 31, 2020 and June 30, 2020. Many of these risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. The forward-looking statements contained in this release speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.About FirstCashFirstCash is the leading international operator of pawn stores with more than 2,700 retail pawn locations and approximately 19,000 employees in 24 U.S. states, the District of Columbia and four countries in Latin America including Mexico, Guatemala, El Salvador and Colombia. FirstCash focuses on serving cash and credit constrained consumers through its retail pawn locations, which buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise, and make small consumer pawn loans secured by pledged personal property.FirstCash is a component company in both the Standard & Poor’s MidCap 400 Index® and the Russell 2000 Index®. FirstCash’s common stock (ticker symbol “FCFS”) is traded on the Nasdaq, the creator of the world’s first electronic stock market.For further information, please contact: Gar Jackson Global IR Group Phone: (817) 886-6998 Email: gar@globalirgroup.com Doug Orr, Executive Vice President and Chief Financial Officer Phone: (817) 258-2650 Email: investorrelations@firstcash.com Website: investors.firstcash.com

FirstCash (FCFS) Ratings Affirmed by Moody's, Outlook Stable

on August 12, 2020 at 1:19 pm

Moody's Investors Service affirms ratings of FirstCash (FCFS). Moreover, the rating firm's outlook for the lender is unchanged as stable.

FirstCash Inc. -- Moody's affirms FirstCash's Ba1 long-term ratings and assigns Ba1 rating to the new senior unsecured notes maturing 2028; outlook remains stable

on August 11, 2020 at 4:28 pm

Moody's Investors Service, ("Moody's") has affirmed the Ba1 corporate family and long-term senior unsecured ratings of FirstCash Inc. (FirstCash, NASDAQ: FCFS). As part of the same rating action, Moody's has assigned a Ba1 rating to $400 million of senior unsecured notes being issued by FirstCash maturing in 2028, which rank pari-passu with the company's revolving unsecured credit facilities. The company has indicated it will use net proceeds of the offering to repay all of its $300 million of senior unsecured notes due in June 2024 and a portion of its revolving unsecured credit facility due in June 2024.

FirstCash Announces Commencement of Offering of Senior Notes

on August 11, 2020 at 11:00 am

FORT WORTH, Texas , Aug. 11, 2020 (GLOBE NEWSWIRE) -- FirstCash, Inc. (the “Company”) (Nasdaq: FCFS) today announced that it has commenced an offering through a private placement, subject to market and other conditions, of $400,000,000 in aggregate principal amount of senior notes due 2028 (the “Notes”). The Notes will be unsecured senior obligations of the Company. The Company intends to use the proceeds from the offering to redeem all of the $300 million aggregate principal amount of the Company’s outstanding 5.375% senior notes due 2024 and to repay a portion of the Company’s revolving unsecured credit facility with the remaining proceeds, after payment of fees and expenses related to the redemption and offering.The Notes are being offered in a private placement, solely to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or outside the United States to persons other than “U.S. persons” in reliance on Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.This notice does not constitute an offer to sell the Notes, nor a solicitation for an offer to purchase the Notes, in any jurisdiction in which such offer or solicitation would be unlawful.Forward-Looking InformationThis release contains forward-looking statements, including statements about the Notes offering and the intended use of the net proceeds thereof. Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be identified by the use of forward-looking terminology such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends,” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance, expectations and future plans. Forward-looking statements can also be identified by the fact these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties.These forward-looking statements are made to provide the public with management’s current expectations with regard to the Notes offering and the intended use of the net proceeds thereof. Although the Company believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release. Such factors may include, without limitation, the Company’s ability to consummate the offering of the Notes and the risks, uncertainties and regulatory developments (1) related to the COVID-19 pandemic, which include risks and uncertainties related to the current unknown duration of the COVID-19 pandemic, the impact of governmental responses that have been, and may in the future be, imposed in response to the pandemic, including stimulus programs which could adversely impact lending demand and regulations which could adversely affect the Company’s ability to continue to fully operate, potential changes in consumer behavior and shopping patterns which could impact demand for both the Company’s pawn loan and retail products, the deterioration in the economic conditions in the United States and Latin America which potentially could have an impact on discretionary consumer spending, and currency fluctuations, primarily involving the Mexican peso and (2) discussed and described in (i) the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and filed with the Securities and Exchange Commission (the “SEC”) on February 3, 2020, including the risks described in Part 1, Item 1A, “Risk Factors” thereof, and (ii) in the other reports filed with the SEC, including the Company’s Quarterly Report on Form 10-Q for the periods ended March 31, 2020 and June 30, 2020. Many of these risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. The forward-looking statements contained in this release speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.About FirstCashFirstCash is the leading international operator of pawn stores with more than 2,700 retail pawn locations and approximately 19,000 employees in 24 U.S. states, the District of Columbia and four countries in Latin America including Mexico, Guatemala, El Salvador and Colombia. FirstCash focuses on serving cash and credit constrained consumers through its retail pawn locations, which buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise, and make small consumer pawn loans secured by pledged personal property.FirstCash is a component company in both the Standard & Poor’s MidCap 400 Index® and the Russell 2000 Index®. FirstCash’s common stock (ticker symbol “FCFS”) is traded on the Nasdaq, the creator of the world’s first electronic stock market.For further information, please contact: Gar Jackson Global IR Group Phone:(817) 886-6998 Email:gar@globalirgroup.com Doug Orr, Executive Vice President and Chief Financial Officer Phone:(817) 258-2650 Email:investorrelations@firstcash.com Website:investors.firstcash.com

Pawn Shops Are Supposed to Thrive in Recessions. That Isn’t Happening.

on August 7, 2020 at 11:24 pm

(FCFS) (ticker: FCFS), the industry’s global leader with 2,7000 pawnshops in the U.S. and Latin America, is hardly thriving. Barron’s was bullish on FirstCash in February, calling it a good hedge against a recession. “When the economy is really shut down...nobody does anything” and that’s not good pawnshops’ business, says Wedbush analyst Henry Coffey Jr.

Recent Closings for Cash America and Similar Tenants

Cash America

Houston, TX

Cash America

Houston, TX

Cash America

Average Sale and Lease Details

About Cash America

NYSE: FCFS

Annual Reports

Cash America Financial Highlights

Recent Closings for Cash America and Similar Tenants

Cash America

Houston, TX

Cash America

Houston, TX

Texas Real Estate Commission Information About Brokerage Services Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice