Miscellaneous
California Check Cashing (Corp Lease - No Options Remain)
6154 Florin Rd, Sacramento, CA 95823
Listing Price: $1,914,000
Investment Overview
Marcus & Millichap is proud to offer for sale fee simple ownership of the California Check Cashing property located off Florin Road in Sacramento, California. The offering includes a passive double net lease with minimal landlord responsibility. The property has continually operated as a check cashing business for over 23 years and the tenant extended their lease on three separate occasions. The most recent lease extension was executed in 2022, for three additional years, expiring December 31st, 2025. The property benefits from its hard corner lot at a signalized intersection, exposed to over 36,000 vehicles passing daily. With zero lease options remaining, a new landlord benefits from flexibility and leverage in negotiations upon the expiration of the existing lease term. The landlord can sign a new lease extension with California Check Cashing, explore leasing to a new tenant or potentially redevelopment of the property.
California Check Cashing (Corp Lease - No Options Remain)
Investment Highlights
- Corporate Guarantee w/ 500+ Locations Nationally - California Check Cashing Stores, LLC Backed by Community Choice Financial
- Above Average 4% Annual Rent Increases – Strong Hedge Against Inflation
- Zero Options Remaining – Flexibility and Leverage for New Landlord
- Hard Corner Lot at Signalized Intersection w/ Multiple Access Points – Over 36,000 Vehicles Pass Daily
Exclusively Listed By
Broker of Record
Miscellaneous
California Check Cashing (Corp Lease - No Options Remain)
Listing Price: $1,914,000
Investment Highlights
- Corporate Guarantee w/ 500+ Locations Nationally - California Check Cashing Stores, LLC Backed by Community Choice Financial
- Above Average 4% Annual Rent Increases – Strong Hedge Against Inflation
- Zero Options Remaining – Flexibility and Leverage for New Landlord
- Hard Corner Lot at Signalized Intersection w/ Multiple Access Points – Over 36,000 Vehicles Pass Daily
Investment Overview
Marcus & Millichap is proud to offer for sale fee simple ownership of the California Check Cashing property located off Florin Road in Sacramento, California. The offering includes a passive double net lease with minimal landlord responsibility. The property has continually operated as a check cashing business for over 23 years and the tenant extended their lease on three separate occasions. The most recent lease extension was executed in 2022, for three additional years, expiring December 31st, 2025. The property benefits from its hard corner lot at a signalized intersection, exposed to over 36,000 vehicles passing daily. With zero lease options remaining, a new landlord benefits from flexibility and leverage in negotiations upon the expiration of the existing lease term. The landlord can sign a new lease extension with California Check Cashing, explore leasing to a new tenant or potentially redevelopment of the property.
Exclusively Listed By
Broker of Record
