6154 Florin RdSacramento, CA 95823

Property Details for 6154 Florin Rd

Year built

1976

Construction

WOOD

Lot size

0.51 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $356,106

  6.5%

  $328,713

  7%

  $305,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $518,120

  Geo Method

  $518,120

• Alternative Use

  Use

  Valuation

  Residential

  $277,282

  Hospitality

  $253,989

  Educational

  $211,316

  Medical

  $218,583

  Retail

  $328,713

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.4958

Longitude

-121.434

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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