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Highlights

  • Home to major tenants such as Hobby Lobby, Shoe Dept, and Belk.
  • 19,000 VPD traffic along the Andy Griffith Parkway
  • Beautifully redone in 2021, with ample parking and clean common areas.
  • Long-term, short-term, and month-to-month opportunities

Space Availability (1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor
  • 1,182-23,043 SF
  • 3-20 Years
  • Upon Request Upon Request Upon Request Upon Request
  • Negotiable
388 Frederick St - 1st Floor
Space Use
Retail
Build-Out
Full Build-Out
Availability
Now
  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Anchor Space
  • Central Air Conditioning
  • Private Restrooms
  • Fully Carpeted
  • Drop Ceilings
Space Size Term Rental Rate Rent Type
1st Floor 1,182-23,043 SF 3-20 Years Upon Request Upon Request Upon Request Upon Request Negotiable

388 Frederick St - 1st Floor

Size
1,182-23,043 SF
Term
3-20 Years
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Rent Type
Negotiable
Space Use
Retail
Build-Out
Full Build-Out
Availability
Now

  • Fully Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Anchor Space
  • Central Air Conditioning
  • Private Restrooms
  • Fully Carpeted
  • Drop Ceilings

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.

Select Tenants at Mayberry Mall

  • Tenant
  • Description
  • US Locations
  • Reach
  • Belk
  • Dept Store
  • 405
  • National
  • Cellular Sales
  • Retailer
  • -
  • -
  • Enmar Accessories
  • Accessory
  • 1
  • Local
  • Hobby Lobby
  • Hobby
  • 1,293
  • National
  • LA Nails
  • Services
  • -
  • -
  • Show Dept
  • Retailer
  • -
  • -
Tenant Description US Locations Reach
Belk Dept Store 405 National
Cellular Sales Retailer - -
Enmar Accessories Accessory 1 Local
Hobby Lobby Hobby 1,293 National
LA Nails Services - -
Show Dept Retailer - -

Property Facts

Total Space Available 23,043 SF
Min. Divisible 1,182 SF
Center Type Community Center
Parking 1322 Spaces
Stores 20
Center Properties 2
Frontage 1,540’ on Mayberry Mall
Gross Leasable Area 202,026 SF
Total Land Area 43.79 AC
Year Built 1968

About the Property

Mayberry Mall offers a rare opportunity to lease retail space in the only enclosed regional shopping mall within a 40-mile radius, serving a broad trade area across northwest North Carolina and southern Virginia. With flexible suite sizes ranging from approximately 1,100 SF to 20,000 SF, the property can accommodate everything from boutique retailers, restaurants and service providers to entertainment concepts, fitness users, medical, educational, and large-format retailers. Ownership is also open to short-term and month-to-month opportunities at low monthly rates to help fill vacancies and help start the potential this mall has to give. Anchored by Belk, Hobby Lobby, and Shoe Dept. Encore, Mayberry Mall is strategically positioned in Mount Airy, approximately 40 miles north of Winston-Salem, 65 miles northwest of Greensboro, and less than five miles south of the Virginia state line. The center draws from a regional trade area of more than 226,000 residents across a five-county market extending into southern Virginia. Conveniently located just one mile from historic downtown Mount Airy and only 4.5 miles from I-74, the property benefits from excellent accessibility and strong regional visibility. Surrounding national retailers include Walmart, Lowe's, Lowe's Foods, Food Lion, Walgreens, Staples, and Big Lots, creating an established retail destination for the area. Whether you're seeking a small storefront, a junior anchor, or a large-format retail opportunity, Mayberry Mall offers flexible leasing options in a market with limited enclosed mall competition.

  • Pylon Sign
  • Signalized Intersection
  • Kiosk/Cart Space
  • Enclosed Mall
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100

Nearby Major Retailers

Libby Hill Seafood Restaurants
First Community Bank
Workout Anytime
Planet Fitness
Food Lion
Carter Bank & Trust
PNC Bank
First Horizon Bank
Truist
Lowes Foods
  • Listing ID: 28605641

  • Date on Market: 5/17/2022

  • Last Updated:

  • Address: 388 Frederick St, Mount Airy, NC 27030

Contact the Leasing Agent

Mayberry Mall | 388 Frederick St

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