California Check Cashing (Corporate Lease, 3% Annual… — Sale in Sacramento, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Sacramento, CA 95823

Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Sacramento is the capital of California, home to near 2.5 million residents and the 7th largest world economy. Investment Highlights: • Corporate Guarantee w/ 500+ Locations Nationally - California Check Cashing Stores, LLC Backed by Community Choice Financial • 3% Annual Bumps • Hard Corner Lot at Signalized Intersection with Multiple Access Points – Over 36,000 Vehicles Pass Daily • Located Directly Across from Florin Towne Centre – 480,000 Square Foot Power Center Anchored by Walmart (3.4M Customer Visits), AutoZone and PetSmart

Market Context

This retail in Sacramento, CA is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 99 days. Compare it against other retail listings for sale in Sacramento, CA — view the full market.

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