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Miscellaneous

California Check Cashing (Corporate - Early Extension)

6154 Florin Rd, Sacramento, CA 95823

Listing Price: $1,699,000

Cap Rate
5.80%
Tenant Name
Community Choice Financial
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
1,440
Lease Type
Double Net
Rent Per Square Feet
$68.45

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.

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 with Two Additional Options Demonstrating Strong Commitment to Location

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 (Corporate - Early Extension)

Listing Price: $1,699,000

Cap Rate
5.80%
Tenant Name
Community Choice Financial
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
1,440
Lease Type
Double Net
Rent Per Square Feet
$68.45

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 with Two Additional Options Demonstrating Strong Commitment to Location

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

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

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