Ciscowil Up a Pawn

Source: Google

Ciscowil LLC has closed in February 2023 on the purchase of an EZPawn store in Minneapolis. The 8,400 square foot retail pawn shop is part of EZCORP, a publicly traded company (NASD: EZPW) with $1.3B in assets and over 1,100 stores in North and Central America operating under 20 brands. EZPawn has been at this high performing location since 2005 and has lease options extending through 2037.

With its latest acquisition, Ciscowil and its principals have reached 35 transactions in 8 states totaling $67 million. “While the rising interest rates create challenges in today’s commercial real estate market, there are still opportunities for the discerning buyer”, commented Menahem Ovadya. Ciscowil is currently in the market for more purchases in the coming months.