Miscellaneous
California Check Cashing (Early Extension - Corp. Lease)
6154 Florin Rd, Sacramento, CA 95823
Listing Price: $1,823,000
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 property has continually operated as a
check cashing business for over 23 years and the tenant extended their
lease on four separate occasions. California Check Cashing recently
executed an early 3 year lease extension while adding multiple options
for renewal demonstrating a strong commitment to the location. The
property benefits from its hard corner lot at a signalized intersection,
exposed to over 36,000 vehicles passing daily. With 3% annual rent
increases set to commence in January 2025, the property provides an
investor a strong hedge against inflation for years to come.
California Check Cashing (Early Extension - Corp. Lease)
Investment Highlights
- Corporate Guarantee w/ 500+ Locations Nationally - California Check Cashing Stores, LLC Backed by Community Choice Financial
- Above Average 3% Annual Bumps Starting 1/1/2025 – Strong Hedge Against Inflation
- Tenant Just Executed Early 3 Year Lease Extension w/ Two Additional Options Demonstrating Strong Commitment to Location
- 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 (Early Extension - Corp. Lease)
Listing Price: $1,823,000
Investment Highlights
- Corporate Guarantee w/ 500+ Locations Nationally - California Check Cashing Stores, LLC Backed by Community Choice Financial
- Above Average 3% Annual Bumps Starting 1/1/2025 – Strong Hedge Against Inflation
- Tenant Just Executed Early 3 Year Lease Extension w/ Two Additional Options Demonstrating Strong Commitment to Location
- 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 property has continually operated as a check cashing business for over 23 years and the tenant extended their lease on four separate occasions. California Check Cashing recently executed an early 3 year lease extension while adding multiple options for renewal demonstrating a strong commitment to the location. The property benefits from its hard corner lot at a signalized intersection, exposed to over 36,000 vehicles passing daily. With 3% annual rent increases set to commence in January 2025, the property provides an investor a strong hedge against inflation for years to come.
Exclusively Listed By
Broker of Record
