Rent-A-Center_Auburn

The property is located along Genesee Street, the primary commercial corridor in downtown Auburn, with approximately 10,500 vehicles per day. As the Cayuga County seat and a gateway to the Finger Lakes, Auburn benefits from consistent daytime traffic generated by county offices, courts, and other civic institutions. The surrounding trade area is supported by major retail destinations, including Wegmans and Auburn Plaza, as well as recent hotel investment from Hilton Garden Inn and Holiday Inn. The property also offers convenient access to Syracuse via NY-5 and I-90.85-89 Genesee Street is a 5,000 SF single-tenant NNN investment leased to Rent-A-Center East, Inc., a subsidiary of Upbound Group, Inc. (NASDAQ: UPBD). The property is offered at a 7.85% cap rate on $47,000 in NOI, equating to approximately $120/SF. Rent-A-Center has occupied the building since 1994, representing more than 30 years of continuous tenancy. According to Placer.ai, this location ranks in the top 11% of Rent-A-Center stores nationwide. The current lease runs through December 31, 2030, with the tenant responsible for taxes, insurance, and CAM, leaving the landlord responsible only for the roof, structure, and foundation. With a long-standing tenant, strong store performance, and an attractive basis per square foot, this offering presents a compelling, lower-risk investment opportunity in downtown Auburn.