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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. 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. 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
$559,445 CAD
Price Per SF
$199.80 CAD
Cap Rate
8.78%
NOI
$49,119 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.46 AC
Zoning
GB - General Business
Frontage
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 151101 | Improvements Assessment | $192,441 CAD |
| Land Assessment | $113,206 CAD | Total Assessment | $305,647 CAD |
Property Taxes
Parcel Number
151101
Land Assessment
$113,206 CAD
Improvements Assessment
$192,441 CAD
Total Assessment
$305,647 CAD
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