Rent-A-Center NNN Properties For Sale: Listings, Cap Rates and 1031 Buyer Guide

This page tracks Rent-A-Center net lease properties observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the Rent-A-Center credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.

Rent-A-Center NNN Properties For Sale: Latest Listings

Up to twelve of the most recently listed single-tenant Rent-A-Center properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.

Search all 3 Rent-A-Center properties on the market

Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.

What You Are Actually Buying

Upbound Group, Inc., the parent of Rent-A-Center, reported 2,075 Rent-A-Center locations at December 31, 2025: 1,722 company-owned and 353 franchisee store locations (Upbound Group Form 10-K for 2025). Its Rent-A-Center segment primarily consists of company-owned lease-to-own stores in the United States and Puerto Rico.

Upbound says it leases space for all of its Rent-A-Center and Mexico stores, and that most of its store leases are five-year leases with renewal options for additional periods ranging from three to five years at rental rates adjusted according to agreed-upon formulas (Upbound Group Form 10-K for 2025). With primary terms that short, the remaining term and the renewal history at the site deserve as much attention as the cap rate.

Across the current inventory, 0% of listings with a reported build year were delivered in the last four years, and 33% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.

Rent-A-Center Cap Rate, Price and Term Distribution

These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.

How to read the pricing

The spread inside the Rent-A-Center inventory runs from 7.25% to 7.85%, against a median of 7.76%. Three variables help explain much of that spread, although these tables describe asking prices and do not isolate any single effect. First, remaining term, shown in the term table above. Second, geography, shown in the state table below. Third, lease structure and real estate quality: longer terms, stronger guarantors, absolute NNN structures and strong access generally ask lower cap rates, while leases with landlord responsibilities (NN) and secondary access generally ask higher ones; ground leases can price on either side, depending on rent and land value. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.

Where Rent-A-Center NNN Properties Are For Sale

Current inventory spans 3 states. Differences between states in the table below can reflect local buyer demand, growth, taxes and the mix of lease terms in each state’s listings as much as anything about the tenant, and small state samples can shift quickly.

Rent-A-Center as a 1031 Exchange Replacement Property

The median asking price in the current Rent-A-Center inventory is $0.74M, and about 0% of listings fall between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace. The points below are general information, not tax or legal advice; confirm your own situation with your qualified intermediary and tax advisor.

• Identify from the live list, not a stale one. Listings move. Replacement property must be identified within 45 days of the sale of the relinquished property (Internal Revenue Code section 1031(a)(3)), and the three-property rule in Treasury Regulation section 1.1031(k)-1(c)(4) lets you identify up to three properties regardless of value, so keep a backup that is realistically still available.
• Debt replacement matters. Liabilities on the relinquished property that the other party assumes, or that the property is transferred subject to, are treated as money received, and they can be offset by liabilities on the replacement property and by cash the taxpayer adds (Treasury Regulation section 1.1031(d)-2). Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage, so run your debt numbers before you identify.
• Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, weigh remaining term and options alongside cap rate.
• Certainty of closing matters. The replacement property must be received within 180 days of the sale, or by the due date, including any extension, of the tax return for the year of the sale if that comes first (Internal Revenue Code section 1031(a)(3)). A clean estoppel, a current lease and no pending relocation reduce closing risk.

For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.

Rent-A-Center NNN Due Diligence Checklist

These are the items that change the value of a Rent-A-Center listing and are rarely resolved by the offering memorandum.

• Tenant entity and guaranty. Identify whether the lease names an Upbound subsidiary or a franchisee, and any guaranty from Upbound Group, Inc.
• Remaining term and renewal history. Upbound describes most store leases as five-year leases. Compare the remaining term with your hold period and ask how many times the tenant has renewed at the site.
• Store performance. Ask whether the lease requires sales reporting, and request what the seller can provide on the store’s performance.
• Size and reuse. Review the building’s options for another small-format retail or service user if the store closes.

How Investment Grade Works With Rent-A-Center Buyers

Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On a Rent-A-Center acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On the majority of transactions, there is no separate fee to you as the buyer, because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.

Owners of existing Rent-A-Center properties can use this page as a valuation benchmark. If you are weighing a sale, we can discuss an off-market sale to a qualified 1031 buyer as well as a broad marketing process.

Frequently Asked Questions

• Rent-A-Center Credit Rating and NNN Cap Rate Profile
• NNN Cap Rates 2026: Tenant by Tenant Benchmarks
• 1031 Exchange Into Investment Grade Property
• Investment Grade Credit Tenant Ratings
• Search All Observed NNN Listings