Skip to main content

Miscellaneous

California Check Cashing (Corp Lease - No Options Remain)

6154 Florin Rd, Sacramento, CA 95823

Listing Price: $1,914,000

Cap Rate
5.00%
Tenant Name
California Check Cashing Stores LLC
Years Remaining On Lease
2.6
Gross SF
1,440
Guarantor
Corporate Guarantee
Rentable SF
1,440
Price/Gross SF
$1,329.17
Lease Type
Double Net
Rent Per Square Feet
$66.46

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.

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

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Miscellaneous

California Check Cashing (Corp Lease - No Options Remain)

Listing Price: $1,914,000

Cap Rate
5.00%
Tenant Name
California Check Cashing Stores LLC
Years Remaining On Lease
2.6
Gross SF
1,440
Guarantor
Corporate Guarantee
Rentable SF
1,440
Price/Gross SF
$1,329.17
Lease Type
Double Net
Rent Per Square Feet
$66.46

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

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

MM Texture Background
MM Textured Background Lower