6154 Florin Rd Sacramento, CA 95823-2307

Property Details for 6154 Florin Rd

Year built

1976

Construction

WOOD

Lot size

0.51 lot acres

Property size

1,440 SF

Zone code

AC

Property type

Retail space

APN

050-0274-012-0000

APU

5002740120000

Description

This exceptional investment opportunity presents a fee-simple ownership of a 1,440 square foot retail property in Sacramento, CA. Located at 6154 Florin Rd, 95823, this single-story building, constructed in 1976 and renovated in 2000, sits on a 0.51-acre lot zoned for commercial use. Currently 100% occupied by California Check Cashing under a Net Lease (NN+) agreement with a corporate guarantee, the property boasts a strong 6.20% cap rate and a substantial NOI of $98,568. The lease, initially commencing December 31, 1999, has recently been extended through December 30, 2028, with two additional five-year options. The tenant, with over 23 years of continuous occupancy, enjoys 3% annual rent bumps starting January 1, 2025, offering excellent inflation protection. The property benefits from a high-traffic location at a signalized intersection, experiencing over 36,000 vehicles daily, and enjoys proximity to the 480,000 square foot Florin Towne Centre, anchored by major retailers. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential. The asking price is $1,590,000, translating to $1,104.17 per square foot.