Allure Capital Management Corp. is pleased to present Hanes Mill Court, a fully leased five-tenant retail center located in the heart of Winston Salem’s dominant retail corridor. With four tenants on NNN leases, the property limits landlord responsibilities while offering immediate value add potential through a mark to market opportunity. The anchor tenant, Silvia’s Honey Tree’s (4,291 SF), currently pays approximately 40 percent below market rent, with their lease expiring in December 2027. This creates a clear path for investors to capture upside through repositioning.
Multi-tenant retail centers with stable occupancy and value add potential are becoming increasingly rare in Winston Salem, where tenant demand is consistently outpacing supply. Hanes Mill Court offers one of the few opportunities to acquire a fully leased retail asset in a high visibility location with consistent traffic and a strong tenant base.
The property delivers an attractive cap rate that supports positive leverage and strong returns. Backed by a history of full occupancy and diverse tenancy, investors can benefit from both immediate income and long-term upside.
Positioned along East Hanes Mill Road, which sees over 16,000 vehicles per day, the center sits directly across from a Walmart Supercenter and Chik Fil A and is surrounded by national retailers including Sam’s Club. This is a rare opportunity to acquire a high performing retail asset in one of North Carolina’s most supply constrained markets.