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85-89 W Genesee St
Auburn, NY 13021
Top Performing STNL Rent-A-Center | Auburn,NY · Retail Property For Sale
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
- The location ranks within the top 11% of Rent-A-Center stores nationwide according to Placer.ai
- Near Wegmans (1.9M visits), Fingerlakes Crossing (1.7M visits), Fingerlakes Mall (889K visits), & Auburn Plaza (3.1M visits)
- 32+ years of occupancy demonstrates long-term commitment to the Auburn market
- 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
Executive Summary
Blue West Capital is pleased to present the opportunity to acquire a single-tenant NNN-leased Rent-A-Center located at 85-89 Genesee Street in Downtown Auburn, New York.? The property is leased to Rent-A-Center East, Inc.?, a corporate subsidiary of Upbound Group, Inc.? (NASDAQ: UPBD), under a passive NNN lease structure.? Rent-A-Center has occupied this location continuously since 1994, representing more than 32 years of uninterrupted tenancy and demonstrating a long-term commitment to the Auburn market.?
The location ranks within the top 11% of Rent-A-Center stores nationwide according to Placer.?ai, providing investors with a rare combination of corporate credit, proven store performance, and exceptional occupancy history.? Combined with below-market in-place rents and limited landlord responsibilities, the property offers attractive cash flow today with potential future upside.?
Centrally positioned in Downtown Auburn on Genesee Street, the city’s primary commercial corridor, the property benefits from consistent foot traffic generated by Memorial City Hall, Auburn City Court, and Auburn Community Hospital.? The site is steps from Wegmans (1.9M annual visits) and near Auburn Plaza (3.1M annual visits, 94th percentile nationally), Fingerlakes Crossing (1.7M annual visits), and Fingerlakes Mall (889K annual visits).?
The location ranks within the top 11% of Rent-A-Center stores nationwide according to Placer.?ai, providing investors with a rare combination of corporate credit, proven store performance, and exceptional occupancy history.? Combined with below-market in-place rents and limited landlord responsibilities, the property offers attractive cash flow today with potential future upside.?
Centrally positioned in Downtown Auburn on Genesee Street, the city’s primary commercial corridor, the property benefits from consistent foot traffic generated by Memorial City Hall, Auburn City Court, and Auburn Community Hospital.? The site is steps from Wegmans (1.9M annual visits) and near Auburn Plaza (3.1M annual visits, 94th percentile nationally), Fingerlakes Crossing (1.7M annual visits), and Fingerlakes Mall (889K annual visits).?
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1977/2000
Price
$626,667
Price Per SF
$125.33
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 - Downtown (Auburn, NY)
Frontage
65’ on Genesee St
Amenities
- Signage
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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