Single-Tenant Rent-A-Center
85 Genesee Street, Auburn, NY 13021
For Sale
Contact for pricing
Long-term Rent-A-Center storefront under a passive NNN lease with corporate-backed tenancy.
Property Size5,000 SF
Price / SF$119.80
Days on Market151
Property Features for 85 Genesee Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Year Renovated
Units
Tenancy
Listing Agency:
Blue West Capital
Listed By:
Brian Wolfman · License NY #100090116
(949) 939-4833
Source:
Crexi
Added: Jun 16
Changed: Oct 26
Last Checked: Nov 12 at 7:35AM
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
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Investment Insights
Based on property information with market context.
Blue West Capital presents 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 the location continuously since 1994, reflecting more than 32 years of uninterrupted tenancy.
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.
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.
Key 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)
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Long-term Rent-A-Center storefront under a passive NNN lease with corporate-backed tenancy.
Where is this storefront property located?
The property is located at 85 Genesee Street 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: 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)
