2400 Florin Rd
Sacramento, CA 95822
Retail Property For Sale

The subject property is an attractive multi-tenant retail strip center located at the signalized corner of Florin Road & 24th Street in Sacramento, California. The sellers, who acquired the property from the original developer when it was newly constructed in 2006 have not had a vacancy for the last 12 years. The anchor tenant is Subway occupying approximately 19% of the center on a recent five-year corporate lease extension. Subway has 44,000 locations across the world operated by more than 21,000 franchisees. Allied Cash Advance, who occupies approximately 15 percent of the center is also on a corporate lease. Allied Cash Advance is headquartered in Cincinnati, Ohio with locations nationwide. Their only Sacramento location is at the subject property. Pronto Insurance Services who occupies 15 percent of the property is on a corporate lease with nearly 300 locations across the United States. The daily traffic count reported at this intersection is in excess of 46,000, with business generators such as a Walgreen's located directly across the street and the County of Sacramento Department of Human Services office occupying a +/- 54,608 SF building located next door. Sacramento, the state Capital has a reported city population exceeding 485,000 making it the sixth largest city in California. It's reported that approximately 164,885 people live within a three mile radius of the subject property with an Average Household Income of $62,724 within the same three mile radius.