Single-Tenant NNN Retail
New
For Sale
Contact for pricing
85-89 E Genesee St, Auburn, NY 13021
A corporate tenant occupies the building under a lease scheduled to continue through December 31, 2030.
Property Size5,000 SF
Price / SF$119.80
Days on Market5
Property Features for 85-89 E Genesee St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
RETAIL
Additional Details
Tenant in Place
Yes
Building Details
Tenancy
Single
Listing Agency:
Caliber Commercial Brokerage, LLC
(585) 454-4500
Listed By:
Daniel Mansfield · License #10401384079
(845) 490-7914
Source:
Moodyscre
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 6 at 8:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Caliber Commercial Brokerage, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,000-square-foot retail property at 85-89 E Genesee St in Auburn is occupied by Rent-A-Center East, Inc. The single-tenant lease is structured as NNN and runs through December 31, 2030.
Rent-A-Center has operated at this address since July 1994. The property is located in downtown Auburn, New York.
Rent-A-Center has operated at this address since July 1994. The property is located in downtown Auburn, New York.
Key Highlights
- 5,000‑square‑foot retail property
- Single‑tenant NNN lease with Rent‑A‑Center East, Inc.
- Lease term extends through December 31, 2030
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,295
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,900
$1.0M
Cap Rate 7%
$718,500
$718.5K
Cap Rate 9%
$558,833
$558.8K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$75.0K $15.00/SF
− Vacancy
−$3.2K −$0.63/SF
EGI
$71.9K $14.37/SF
− OpEx
−$21.6K −$4.31/SF
NOI
$50.3K $10.06/SF
Area
Cayuga County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,900
Cap Rate 7%
$718,500
Cap Rate 9%
$558,833
Alternative Uses
Best Use
Retail
$718.5K
$628.7K – $838.3K
NOI $50,295 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$969.6K – $1.29M
NOI $77,568 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Byrne Dairy
Shops & Services
21,305 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,196 visits/mo
0.5 miles
Angelo's Pizza
Dining
3,285 visits/mo
0.4 miles
Sunoco
Shops & Services
3,133 visits/mo
0.4 miles
Mark's Pizzeria
Dining
2,896 visits/mo
0.3 miles
Demographics for 13021, NY
38,479
Population
18,847
Households
2
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
119.2 sq mi
ZIP Area
323
Density / Sq Mi
$58,946
Median Household Income
$41,990
Median Earnings
$874
Median Rent
$169,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
NNN property - A corporate tenant occupies the building under a lease scheduled to continue through December 31, 2030.
Where is this nnn property located?
The property is located at 85-89 E Genesee St Auburn, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 5,000‑square‑foot retail property; Single‑tenant NNN lease with Rent‑A‑Center East, Inc.; Lease term extends through December 31, 2030
