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 Market220
Property Features for 2320 Randleman Rd
General Information
Standard status
Active
Size
4,566 SF
Property subtype
RETAIL
Listing Agency:
NAI Piedmont Triad
(336) 337-0059
Listed By:
Robbie Perkins, SIOR, CCIM
(336) 337-0059
Source:
Moodyscre
Added: Dec 22, 2025
Changed: Jul 27
Last Checked: Jul 30 at 2:21PM
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.2k | $18.00 |
| − Vacancy | −$8.5k | −$1.85 |
| EGI | $73.7k | $16.15 |
| − OpEx | −$22.1k | −$4.84 |
| NOI | $51.6k | $11.30 |
4,566 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
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
Current Use
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
103k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Groceries 35%
Dining 4%
Apparel 4%
Food Lion Grocery Store
Groceries
25,785 visits/mo
0.3 miles
Dollar Tree
Shops & Services
19,211 visits/mo
0.5 miles
Aldi
Groceries
9,908 visits/mo
0.4 miles
Wells Fargo
Shops & Services
9,581 visits/mo
0.3 miles
Dollar General
Shops & Services
8,469 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in Greensboro, NC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
