1304 S Scales St - Freestanding FOR SALE


Reidsville, NC 27320
$410,000 USD
336-337-0059
1304 S Scales St, Reidsville, NC for Sale
$410,000 USD
Freestanding - FOR SALE
1/8
null | 8.78% Cap Rate

1304 S Scales St
Reidsville, NC 27320


HIGHLIGHTS

  • True NN lease with corporate tenant (Pledge Financial/Riverside Pawn)
  • High-visibility location on S Scales Street commercial corridor
  • Surrounded by local and regional retailers
  • Convenient access to Highway 87 and Reidsville’s commercial core
  • Reliable cash flow, minimal landlord responsibilities

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$410,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

8.78%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

GB

APN/PARCEL ID

151101

ASK ABOUT THIS PROPERTY

Robbie PerkinsNAI Piedmont TriadMore Info
336-337-0059

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Robbie PerkinsNAI Piedmont TriadMore Info
336-337-0059

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.