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1304 S Scales St 2,800 SF Retail Building Reidsville, NC 27320 $410,000 ($146.43/SF) 8.78% Cap Rate
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
Nearby Major Retailers
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
Contacts
-
Robbie Perkins -
Tammy Dixon ,CCIM, CMB®, SIOR -
Brendan Richardson -
NAI Piedmont Triad
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1304 S Scales St
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