California Check Cashing - Corporate Lease - 3% Annual Bumps
Corporate Guarantee (500+ Locations) | 3% Annual Rent Bumps | Signalized Hard Corner Lot, 32,300 VPD
Marketing 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 25 years and the tenant extended their lease on four separate occasions. California Check Cashing recently executed an early 3 year lease extension (with 3% annual rent bumps) 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 32,300 vehicles passing daily.
Investment highlights
Corporate Guarantee w/ 500+ Locations Nationally - California Check Cashing Stores, LLC Backed by Community Choice Financial
Above Average 3% Annual Bumps – Strong Hedge Against Inflation
Tenant Has 25+ Years of Continued Occupancy – High Probability of Continued Lease Renewal
Hard Corner Lot at Signalized Intersection with
Multiple Access Points – 32,300 VPD
Tenant Recently Executed Early 3 Year Lease Extention with Two Additional Options Demonstrating Strong Commitment to Location
Located Directly Across from Florin Towne Centre – 480,000 Square Foot Power Center Anchored by Walmart, AutoZone and PetSmart
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