Receiver Sale: Mayodan Shopping Center | Walmart-Shadowed

Highlights:

• Walmart Shadow Anchor With 1.7M Annual Visits: Adjacent Walmart drew 1.7M visits and $66.4M in sales over the past 12 months
• National Brands Lease 74% of Occupied Space: Dollar Tree, Cato, Shoe Show, Domino's, Great Clips, Boost Mobile, and Jackson Hewitt on NNN leases.
• 22,954 SF of Vacancy Drives Lease-Up Upside: Leasing four suites and the warehouse lifts pro forma NOI from $313,651 to $518,132 in Year 2.
• 16,462 SF Rear Warehouse Adds Use Flexibility: Vacant warehouse suite supports storage, flex, or service users alongside the retail frontage.
• Six Leases Totaling 22,041 SF Roll in 2027: Dollar Tree, Cato, Shoe Show, and three others expire in 2027, setting up renewals and rent resets.
• Roof, Sprinkler, and Electrical Upgrades: Recent capital includes roof replacement, sprinkler and fire code upgrades, and electrical work.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/2622/retail/mayodan/nc?utm_source=aqqire&utm_medium=free_listing&utm_campaign=november19_2026&utm_content=retail_2622

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.

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.


Bidding Opens
Nov 18 1:00 AM
Bidding Closes
Nov 20 1:00 AM

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