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409-425 S Second Ave
8,450 - 29,450 SF of Retail Space Available in Mayodan, NC 27027
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 21,000 SF | Negotiable | $9.90 CAD/SF/YR $0.83 CAD/SF/MO $106.60 CAD/m²/YR $8.88 CAD/m²/MO $17,332 CAD/MO $207,980 CAD/YR | Triple Net (NNN) | ||
| 1st Floor | 8,450 SF | Negotiable | $9.90 CAD/SF/YR $0.83 CAD/SF/MO $106.60 CAD/m²/YR $8.88 CAD/m²/MO $6,974 CAD/MO $83,687 CAD/YR | Triple Net (NNN) |
411-425 S 2nd Ave - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
411-425 S 2nd Ave - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 409-425 S Second Ave , Mayodan, NC 27027
| Center Type | Neighborhood Center | Frontage | 454’ on S Second Ave |
| Parking | 230 Spaces | Gross Leasable Area | 46,080 SF |
| Stores | 1 | Total Land Area | 4.85 AC |
| Center Properties | 1 | Year Built | 1983 |
| Center Type | Neighborhood Center |
| Parking | 230 Spaces |
| Stores | 1 |
| Center Properties | 1 |
| Frontage | 454’ on S Second Ave |
| Gross Leasable Area | 46,080 SF |
| Total Land Area | 4.85 AC |
| Year Built | 1983 |
About the Property
Mayodan Shopping Center, LLC | 413 S 2nd Ave. Mayodan, NC 27027 SECU ATM in parking lot and Chamo Estrella Taco Truck in parking lot. Anchor locations have exceptionally well-maintained HVAC systems updated 2014/2015. Common area is fully equipment with LED's (2022) with 230 space parking lot.Sika Sarnafil insulated membrane roof installed 2013 with warranty through 2028. Advanced Video Surveillance: Unparalleled Unifi video surveillance compared to other area facilities (as of 2023) with 22 cameras (expanding to 32 by 2024), 112TB of local storage, approximately 90 days (224TB in 2024), and Al-powered license plate recognition. Traffic data provided by NCDOT ARCGIS: 0.0 South 2nd Ave (site address) @ AADT 7,600, 0.2 Miles from JJ Webster Hwy @ AADT 6,900, and 1.9 Miles from US Hwy 220 and JJ Webster Hwy @ AADT 20,000. US Hwy 220 is future corridor I-73. 2.5 Miles from D.R. Horton's River's Edge with homes starting at $260K, currently in phase 1 with 30 homes (planned 100 homes). 3 Miles from Mayo River State Park. 25 Miles from Piedmont Triad Airport Greensboro. Mayodan's tax rate is competitive and lower than neighboring Madison, NC ($0.665 vs $0.730)
Nearby Major Retailers
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Mayodan Shopping Center
409-425 S Second Ave
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