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Rent-A-Car | 4+yrs Remain Corp NNN 85-89 W Genesee St 5,000 SF Retail Building Auburn, NY 13021 $627,000 ($125.40/SF) 7.50% Cap Rate
Investment Highlights
- Guaranteed by a corporate entity of Rent-A-Center, a publicly traded company (NASDAQ: UPBD) that reported more than $4.3 billion in revenue in 2024
- Within walking distance to major community anchors including Auburn City Hall and Auburn City Court
- A top-performing Marshalls-anchored center with co-tenants like Michaels, Five Below, and ALDI, ranking in the 94th percentile nationally
- Positioned in the heart of Downtown Auburn
- Near Wegmans (1.9M visits), Fingerlakes Crossing (1.7M visits), Fingerlakes Mall (889K visits), & Auburn Plaza (3.1M visits)
Executive Summary
• Over four (4) years of primary lease term remaining
• Tenant is Rent-A-Center East, Inc., a corporate entity of Rent-A-Center, a publicly traded company (NASDAQ: UPBD) that reported more than $4.3 billion in revenue in 2024
• Tenant is Rent-A-Center East, Inc., a corporate entity of Rent-A-Center, a publicly traded company (NASDAQ: UPBD) that reported more than $4.3 billion in revenue in 2024
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1977/2000
Price
$627,000
Price Per SF
$125.40
Cap Rate
7.50%
NOI
$47,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.24 AC
Zoning
D - Downtown
Frontage
63’ on Genesee St
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Rental and Leasing Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Rent-A-Center began in 1973 as a rent-to-own business focused on furniture and household goods, later building a broader retail model around flexible payment agreements. The company offers furniture, appliances, electronics, computers, tools, and related home essentials through online and store-based shopping, with services that include delivery, setup, and product service and repair in its payment agreements. Rent-A-Center maintains a wide presence across the United States and Mexico and remains centered on branded household goods for shoppers seeking alternatives to traditional credit-based buying.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Rental and Leasing Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 050100-116-045-0002-028-000-0000 | Improvements Assessment | $446,700 |
| Land Assessment | $53,300 | Total Assessment | $500,000 |
Property Taxes
Parcel Number
050100-116-045-0002-028-000-0000
Land Assessment
$53,300
Improvements Assessment
$446,700
Total Assessment
$500,000
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