Rent-A-Center
Retail | 7.80% CAP | 6,200 SF
Marketing description
NNN Pro is pleased to present the exclusive listing for a Rent-ACenter
located at 22 Clinton Street, Gouverneur, NY 13643. The
site consists of roughly 6,200 rentable square feet of building
space on an estimated 0.64-acre parcel of land. This Rent-ACenter
is subject to a 7-year Double Net (NN) lease, which
commenced 10/6/1996. The current annual rent is $39,714 and
has scheduled increases of flat.
Investment highlights
Long-Term Double Net (NN) Lease | Over 6 years of term remaining on the initial 7-year lease with minimal landlord responsibilities.
Strong Corporate Guarantee | The lease is subject to a strong corporate guarantee from Upbound Group (NASDAQ: UPBD). Upbound Group operates approximately 2,900 stores in the US, Puerto Rico, and Mexico.
Long-Term Tenant and Recently Renovated | The tenant has been successfully operating at this location since 1996. The property was also recently renovated in 2023.
Strong Traffic Counts | The subject property is situated on Clinton Street, which brings over 4,600 vehicles daily. W Main Street brings another 11,800 vehicles to the immediate area daily.
Dense Retail Corridor | The subject property is situated in a dense retail corridor with national and local tenants. Major national tenants include Dollar General, Subway, Dunkin, McDonald's, 7- Eleven, Subway, and more.
Compelling Academic and Medical Presence | The subject property is just a half mile away from both Gouverneur High School and RRH Gouverneur Hospital. Gouverneur High School has an enrollment of over 450 students and RRH Gouverneur Hospital has 25 beds.
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