For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Mayodan Shopping Center at 131 Commerce Lane in Mayodan, North Carolina is a 55,659 SF multi-tenant retail center on 5.53 acres, shadow-anchored by a Walmart that recorded 1.7 million visits over the past 12 months. The center is 59% occupied by 11 tenants on NNN leases, led by Dollar Tree, Cato, Shoe Show, Domino's, Great Clips, and Jackson Hewitt, generating Year 1 NOI of $313,651. The primary value-add thesis is lease-up of 22,954 SF of vacancy, including four retail suites and a 16,462 SF rear warehouse. The offering pro forma, which assumes Year 2 market rents of $15/SF for small suites, $10/SF for medium suites, and $3/SF for the warehouse, projects NOI of $518,132 in Year 2. Six leases totaling 22,041 SF expire in 2027, giving a buyer the opportunity to negotiate renewals early in the hold. Recent capital improvements include roof replacement, sprinkler and fire code upgrades, and electrical work. The property offers multiple points of access and sits near NC Highway 135 (16,000 VPD) and US Highway 220 (21,500 VPD), within five minutes of I-73 and 35 minutes of Piedmont Triad International Airport.
Due Diligence
Location
Mayodan Shopping Center sits off NC Highway 135 in Mayodan, North Carolina, adjacent to Walmart and surrounded by McDonald's, Goodwill, Taco Bell, and Mavis Discount Tire. US Highway 220 and I-73 are within five minutes, and Piedmont Triad International Airport is 35 minutes away. The retail cluster draws from a trade area that exceeds a five-mile radius, supporting small-shop demand.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
