Rent-A-Center | 30% Rent Increase Year 3
7.76 Pro-Forma Cap | 31% Rent Increase Year 3 | Corporate Guaranty
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.
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