NNN Retail Property with Pawn
For Sale
Contact for pricing
2320 Randleman Rd, Greensboro, NC 27406
True NNN retail property leased to Pledge Financial with five years remaining on the term.
Property Size4,566 SF
Price / SF$140.17
Days on Market266
Property Features for 2320 Randleman Rd
General Information
Standard status
Active
Size
4,566 SF
Property subtype
RETAIL
Listing Agency:
NAI Piedmont Triad
(336) 373-0995
Listed By:
Robbie Perkins, SIOR, CCIM
(336) 337-0059
Source:
Moodyscre
Added: Dec 22, 2025
Changed: Sep 11
Last Checked: Sep 14 at 7:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Piedmont Triad
Investment Insights
Based on property information with market context.
This NNN retail property is leased to Pledge Financial, a multi-state pawn and financial services operator. The tenant operates under well-known brands including Riverside Pawn, and the company has more than 30 retail locations across the East Coast. The current lease carries five years remaining on a true NNN structure, providing a corporate-backed income stream with minimal landlord responsibilities as described.
The property is listed for sale at 2320 Randleman Rd in Greensboro, NC. It totals 4,566 square feet.
The asset is positioned for buyers seeking a retail investment with an active, expanding operator and a remaining five-year lease term under a true NNN arrangement.
The property is listed for sale at 2320 Randleman Rd in Greensboro, NC. It totals 4,566 square feet.
The asset is positioned for buyers seeking a retail investment with an active, expanding operator and a remaining five-year lease term under a true NNN arrangement.
Key Highlights
- True NNN retail property leased to Pledge Financial
- More than 30 retail locations across the East Coast for the tenant
- Five years remaining on the lease term
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,606
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,032,120
$1.0M
Cap Rate 7%
$737,229
$737.2K
Cap Rate 9%
$573,400
$573.4K
Market Conditions
NOI Build-Up for 4,566 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.2K $18.00/SF
− Vacancy
−$8.5K −$1.85/SF
EGI
$73.7K $16.15/SF
− OpEx
−$22.1K −$4.84/SF
NOI
$51.6K $11.30/SF
Area
Greensboro, NC
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,032,120
Cap Rate 7%
$737,229
Cap Rate 9%
$573,400
Alternative Uses
Best Use
Retail
$737.2K
$645.1K – $860.1K
NOI $51,606 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,317 @ 7.0% cap · market cap 15.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
100k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 35%
Groceries 22%
Electronics 4%
McDonald's
Dining
26,820 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
19,172 visits/mo
0.5 miles
KFC
Dining
8,489 visits/mo
0.1 miles
Roses Discount Store
Shops & Services
7,571 visits/mo
0.4 miles
Valero Energy
Shops & Services
5,276 visits/mo
0.2 miles
Demographics for 27406, NC
61,597
Population
28,080
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
69.4 sq mi
ZIP Area
888
Density / Sq Mi
$56,748
Median Household Income
$37,095
Median Earnings
$1,103
Median Rent
$191,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Greensboro, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - True NNN retail property leased to Pledge Financial with five years remaining on the term.
Where is this retail space located?
The property is located at 2320 Randleman Rd Greensboro, NC.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: True NNN retail property leased to Pledge Financial; More than 30 retail locations across the East Coast for the tenant; Five years remaining on the lease term
