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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1405 Freeway Dr Reidsville, NC 27320

32,390 SF 7.36 ac lot Built 1987
Property ID
Property summary
AI-generated overview

Ashcroft Commons, located at 1405 Freeway Dr., Reidsville, NC 27320, presents a prime retail investment opportunity. This vibrant neighborhood center boasts a total of 32,390 square feet across two single-story buildings, built in 1987, and situated on 7.36 acres of land. The property features 17 suites, with four currently available, ranging from 1,028 to 2,100 contiguous square feet. A total of 5,973 square feet of vacant space is ready for immediate occupancy. Ample parking is provided with 160 spaces. The center enjoys a strong tenant mix, including financial services, medical offices, children's services, salons, and restaurants, notably the popular Fursty's Pizza, a significant foot traffic driver. The recent addition of Emerge Ortho has further boosted foot traffic and parking lot occupancy. This property benefits from its location on the busy Freeway Drive, offering excellent visibility and accessibility. Very reasonable rental rates and flexible lease terms are available. This is an exceptional opportunity to establish or expand your business in a thriving retail environment.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1987
Total area 32,390 SF
Lot 7.36 ac (320,602 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Welcome Finance Co Inc Loan Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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