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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
$568,924 CAD
Price Per SF
$203.19 CAD
Cap Rate
8.78%
NOI
$49,952 CAD
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 | $194,805 CAD |
| Land Assessment | $114,596 CAD | Total Assessment | $309,401 CAD |
PROPERTY TAXES
Parcel Number
151101
Land Assessment
$114,596 CAD
Improvements Assessment
$194,805 CAD
Total Assessment
$309,401 CAD
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