1304 S Scales St
Retail | 8.78% CAP | 2,800 SqFt
Marketing description
The lease is with Pledge Financial, a fast-growing multi-state pawn and financial services operator with 30+ retail locations under several established brands, including Riverside Pawn. Pledge Financial continues to expand its footprint and provides strong credit stability for long-term investors.
This property offers predictable income backed by a corporate tenant on a true NN lease, resulting in minimal landlord responsibilities.
Investment highlights
8.78 cap rate with strong in-place cash flow
Corporate-backed NN lease through December 2030
Single-tenant retail building with strong visibility
Current Rent: $3,000 per month NN / $36,000 per year
Rent Rate: $12.86 per SF
Cap Rate: 8.78
Lease Structure: NN lease
Tenant: Pledge Financial (operating as Riverside Pawn)
Corporate operator with more than 30 pawn and financial
service locations across the East Coast
Lease Term: Through December 2030
Asking Price: $410,000
NN leased retail asset with corporate tenant
Strong yield and minimal management burden
Positioned on the active S Scales St commercial corridor
Surrounded by complementary local and regional retailers
Strong visibility and consistent traffic patterns
Convenient access to Highway 87 and Reidsville’s core commercial areas
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