Rent-A-Center_Auburn

Investment Overview

85-89 Genesee Street is a 5,000 SF single-tenant retail investment leased to Rent-A-Center East, Inc., a subsidiary of publicly traded Upbound Group, Inc. (NASDAQ: UPBD). The tenant has occupied the property since 1994 under a NNN lease extending through December 31, 2030, with the landlord responsible only for the roof, structure, and foundation. Located on Genesee Street, downtown Auburn’s primary commercial corridor, the property benefits from approximately 10,500 vehicles per day and proximity to Wegmans, Auburn Plaza, and other major retail destinations. The Rent-A-Center location ranks in the top 11% of stores nationwide according to Placer.ai.

Investment Highlights

• 5,000 SF single-tenant retail building
• Built in 1977 on approximately 0.24 acres
• Occupied by Rent-A-Center under a NNN lease through December 31, 2030
• Corporate-backed tenancy with a longstanding operating history dating to 1994
• Landlord responsibilities limited to roof, structure, and foundation