Looking to buy a Rent-A-Center NNN property? 3 are observed for sale across 3 states, median asking cap rate 7.76%. View Rent-A-Center NNN properties for sale, cap rate bands and the 1031 buyer guide.
| Metric | Details |
|---|---|
| Company | Upbound Group, Inc. (Nasdaq: UPBD), Plano, Texas; parent of Rent-A-Center, renamed from Rent-A-Center, Inc. in February 2023 |
| S&P / Moody’s | BB- / no verified rating |
| Investment grade status | Below Investment Grade |
| Stores | 1,963 Rent-A-Center locations in the U.S. and Puerto Rico (1,651 company-owned, 312 franchised) and 143 in Mexico (June 30, 2026) |
| Median asking cap rate | See the live table below |
Rent-A-Center is not investment grade. Upbound Group, Inc. carries issuer rating of BB- from S&P Global Ratings: below the BBB-/Baa3 investment grade threshold. Ratings checked October 8, 2026. See the investment grade credit tenant ratings table.
Rent-A-Center Business Overview
Rent-A-Center leases furniture, appliances, electronics and computers to consumers on a lease-to-own basis, mainly through its stores and online. Its parent changed its name from Rent-A-Center, Inc. to Upbound Group, Inc. in February 2023, and its shares trade on Nasdaq under the ticker UPBD.
As of June 30, 2026, the Rent-A-Center segment had 1,963 locations in the United States and Puerto Rico: 1,651 company-owned and 312 franchised. Upbound also operates 143 stores in Mexico, Acima, which offers lease-to-own through third-party retailers rather than its own stores, and Brigit, a financial health app it acquired in January 2025. The segment closed or merged 112 locations in the first half of 2026 and opened none.
Rent-A-Center Credit Profile
Upbound Group, Inc. is rated BB- in our database (not investment grade). It files audited financial statements with the SEC. A lease may be signed by an operating subsidiary or, at a franchised location, by a franchisee rather than Upbound Group, Inc., so confirm the tenant entity and whether Upbound Group, Inc. guarantees the lease.
Ratings come from our tenant ratings database, which records the source of each rating. A rating at or above BBB‑/Baa3 is investment grade; see the investment grade guide.
Source: S&P Global Ratings BB-, as of August 5, 2025. Ratings checked October 8, 2026.
Rent-A-Center NNN Cap Rates
Live asking cap rates for Rent-A-Center and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| Verizon | BBB+ / Baa1 | 6.39% | 6.00% to 7.50% | 25 | +115 bps |
| Best Buy | BBB+ / A3 | 6.58% | 6.10% to 7.31% | 6 | +134 bps |
| T-Mobile | BBB+ / n/a | 7.25% | 6.50% to 7.75% | 9 | +201 bps |
| Rent-A-Center | BB- / n/a | 7.76% | 7.51% to 7.81% | 3 | +252 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 19, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file. Not shown because fewer than 3 active listings with a published cap rate were observed: Aarons, GameStop.
We currently track 3 Rent-A-Center listings; when the count is small, one or two listings can move the median. Compare a property with recent Rent-A-Center sales and with other small-format retail tenants.
What to Check in a Rent-A-Center Lease
- Tenant and guarantor: which entity signs the lease and whether a parent guarantees it.
- Term and rent: remaining term, renewal options and the rent schedule; rent increases vary by lease.
- Co-tenancy: for shopping center locations, co-tenancy and go-dark provisions.
- Re-use: the size of the space and the pool of possible replacement tenants.
- Rent versus market: whether rent is at or below market rent.
Pros and Cons
| Strengths | Considerations |
|---|---|
| Public parent with audited financial statements | Below investment grade rating |
| Small spaces that can suit other retail users | Store count is shrinking as locations are closed or merged |
| Serves customers who may lack access to traditional credit | Exposure to lower-income consumers and state regulation of lease-to-own transactions |
Frequently Asked Questions
Is Rent-A-Center investment grade?
Its parent, Upbound Group, Inc., is rated BB- in our ratings database, which we show as not investment grade.
What is Rent-A-Center’s ticker?
Rent-A-Center’s parent is Upbound Group, Inc., which trades on Nasdaq as UPBD. The former ticker RCII was replaced when the company changed its name in February 2023.
How many Rent-A-Center stores are there?
As of June 30, 2026, the Rent-A-Center segment had 1,963 locations in the United States and Puerto Rico, of which 1,651 were company-owned and 312 franchised.
Sources: Upbound Group, Inc. Form 10‑Q for the quarter ended June 30, 2026 and Form 10‑K for 2025; SEC company filings data.
Rent-A-Center Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Rent-A-Center properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
Rent-A-Center NNN Properties Observed For Sale
3 active Rent-A-Center net lease listings observed across public listing sources, most recently Oct 16, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| St. Louis, MO | $744,000 | 7.25% | 5,400 | n/a | View listing |
| Auburn, NY | $599,000 | 7.85% | 5,000 | 4.4 yrs | View listing |
| Amarillo, TX | $950,000 | 7.76% | 5,895 | 7.4 yrs | View listing |
Search all 3 observed Rent-A-Center listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
