Rent-A-Center
NEW PARKING LOT & STRUCTURAL IMPROVEMENTS | 30% RENT INCREASE AT YEAR 3 | BELOW MARKET RENT
Marketing description
The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the fee simple interest in a single-tenant retail property leased to Rent-A-Center, located at 2100 S Georgia Street, Amarillo, TX 79109. The property consists of a 5,895 square foot freestanding building situated on 0.29 acres in the heart of Amarillo’s established south-central retail corridor.
Strategically positioned along South Georgia Street, one of Amarillo’s primary north-south arteries with over 25,000 vehicles per day, the property benefits from excellent visibility and access to surrounding neighborhoods and major retailers. The site sits among numerous neighborhood shopping centers featuring essential national and regional retailers providing a steady customer base and consistent retail traffic to the corridor.
The property is leased to Rent-A-Center Texas, LP, a subsidiary of Upbound Group, Inc. (NASDAQ: UPBD), under a double net (NN) lease structure. The current lease term runs through December 31, 2033 and includes a 30% rent increase on January 1, 2028. There are also two (2) five-year renewal options at 10% rent increases each term, offering secure and growing cash flow backed by a national credit tenant.
With over 25 years of operating history at this location, Rent-A-Center has demonstrated long-term commitment to the market and success within this trade area. Amarillo continues to experience steady economic and population growth, supported by a diversified employment base and strong retail fundamentals. This offering presents investors with the opportunity to acquire a proven, credit-backed retail asset in a high-traffic, established retail corridor with minimal landlord responsibilities and durable cash flow.
Investment highlights
30% Rent Increase Year 3
- The tenant will have a 30% rent increase starting on January 1st, 2028
Prime Amarillo Retail Corridor
- Located along Georgia Street, one of Amarillo’s highest-traffic north-south thoroughfares, with ±17,600 vehicles per day and excellent accessibility to I-27
- Surrounded by national retailers and neighborhood retail strips driving consumer traffic in the area
- Strong visibility and accessibility with direct ingress/egress and dedicated parking, suitable for neighborhood service and national retail tenants alike.
- Dense and stable demographics within a 5-mile radius — population of 173,000+ residents, $74,000+ average household income, and 93,000+ employees in the trade area
Corporate-Guaranteed Lease with Rent-A-Center
- Corporate guarantee by Rent-A-Center Texas, LP, a subsidiary of Upbound Group, Inc. (NASDAQ: UPBD), a Fortune 1000 company with over 2,800 locations nationwide
- Two (2) five-year renewal options, each at 110% of prior term rent, ensuring long-term rent growth and tenant commitment.
- Established occupancy since 1998. Rent-A-Center has operated at this location for more than 25 years, highlighting tenant success and market durability.
Strong Real Estate Fundamentals & Re-Tenancy Potential
- Highly versatile building layout. Ideal size for a broad range of retail, service, or medical tenants in future lease-up scenarios.
- Amarillo’s retail market remains undersupplied, with increasing demand for smaller, free-standing buildings with drive-up accessibility and visibility.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
