85 Genesee Street, Auburn, NY 13021
Long-term Rent-A-Center storefront under a passive NNN lease with corporate-backed tenancy.
- Added:
- Jun 16, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 20 at 9:37 am
Property Features for 85 Genesee Street
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1977
Listing agent Brian Wolfman License #100090116
Listing office Blue West Capital (949) 270-8210
Listing date Jun 16, 2026
Source Crexi
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 Blue West Capital
HighLights
- Single‑tenant NNN‑leased Rent‑A‑Center on Genesee St in Downtown Auburn, NY
- Built in 1977
- Leased to Rent‑A‑Center East, Inc., a corporate subsidiary of Upbound Group, Inc. (NASDAQ: UPBD)
- Rent‑A‑Center occupied continuously since 1994 for more than 32 years
- Passive NNN lease structure
Overview
The site is centrally positioned on Genesee Street, identified in the remarks as 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 location is described as steps from Wegmans and near Auburn Plaza, Fingerlakes Crossing, and Fingerlakes Mall, each cited with annual visit figures in the offering materials.
For buyers seeking a stabilized, single-tenant retail investment, this asset combines a long-standing operating history at the location with corporate-backed tenancy under a passive NNN framework. The offering also notes that landlord responsibilities are limited under the lease structure, which can be a practical fit for investors looking to reduce operational involvement while maintaining exposure to a national retail brand.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.0k | $15.00 |
| − Vacancy | −$3.2k | −$0.63 |
| EGI | $71.9k | $14.37 |
| − OpEx | −$21.6k | −$4.31 |
| NOI | $50.3k | $10.06 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Smiley's Town & Country — 7368 Owasco Rd, Auburn, NY 13021
- Wegmans Floral — 1 loop rd, auburn, ny 13021
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Cayuga
- State
- New York
- Longitude
- -76.7131126
- Latitude
- 42.9213607
