Description

The Ficke Team of Colliers presents the opportunity to acquire the fee simple interest in a single-tenant retail asset leased to Rent-A-Center, located at 2100 S Georgia Street in Amarillo, Texas. The property features a 5,895-square-foot freestanding building on a 0.29-acre site, positioned within Amarillo’s established south-central retail corridor. Situated along South Georgia Street, a primary north-south artery with traffic counts exceeding 25,000 vehicles per day, the asset benefits from strong visibility, accessibility, and consistent retail activity supported by nearby national and regional tenants. The property is leased to Rent-A-Center Texas, LP, a subsidiary of Upbound Group, Inc. (NASDAQ: UPBD), under a double net (NN) lease with a current term extending through December 31, 2033. The lease includes a 30% rent increase in 2028 and two five-year renewal options with 10% rent escalations, providing stable and growing income backed by a national credit tenant. With more than 25 years of continuous operation at this location, the tenant demonstrates long-term commitment to the market, while Amarillo’s steady economic and population growth further supports the investment’s durability. This offering represents a compelling opportunity to acquire a proven, income-generating retail asset with minimal landlord responsibilities in a high-traffic, well-established corridor.