Log In/Sign Up
Your email has been sent.
1304 S Scales St
Reidsville, NC 27320
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- True NN lease with corporate tenant (Pledge Financial/Riverside Pawn)
- Surrounded by local and regional retailers
- Reliable cash flow, minimal landlord responsibilities
- High-visibility location on S Scales Street commercial corridor
- Convenient access to Highway 87 and Reidsville’s commercial core
EXECUTIVE SUMMARY
This stabilized NN investment is offered at $410,000 and features an 8.78% cap rate. The property is leased to Pledge Financial (operating as Riverside Pawn), a corporate operator with more than 30 pawn and financial service locations across the East Coast. The lease is a true NN structure, with the tenant responsible for taxes, insurance, and CAM, providing reliable cash flow and minimal landlord responsibilities. The current rent is $3,000 per month ($36,000 per year), with a lease term through December 2030, making this a management-light, predictable income investment.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,800 SF
Building Class
C
Year Built
1976
Price
$410,000
Price Per SF
$146.43
Cap Rate
8.78%
NOI
$35,998
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.46 AC
Zoning
GB - General Business
Parking
39 Spaces (13.93 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 151101 | Improvements Assessment | $140,507 |
| Land Assessment | $82,655 | Total Assessment | $223,162 |
PROPERTY TAXES
Parcel Number
151101
Land Assessment
$82,655
Improvements Assessment
$140,507
Total Assessment
$223,162
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
