150-190 Hanes Mill Ct - Storefront FOR SALE


Winston-Salem, NC 27105- Northeast Winston-Salem
$3,185,000 USD
240-778-9714
150-190 Hanes Mill Ct, Winston-Salem, NC for Sale
$3,185,000 USD
Storefront - FOR SALE
1/30
null | 5.51% Cap Rate

150-190 Hanes Mill Ct
Winston-Salem, NC 27105
Northeast Winston-Salem


HIGHLIGHTS

  • Fully Leased Asset with Diverse Tenant Mix + Short-Term Mark-to-Market Opportunity
  • Rare Opportunity to Acquire Mid-Market Retail in Winston-Salem, N
  • Attractive Cap Rate & Strong Investor Returns
  • Prime Retail Corridor Location + Walmart Supercenter Shadow Anchor

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,185,000 USD

PRICE/SF

$314 USD /SF

CAP RATE

5.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

CROSS STREETS

Oak Summit Circle

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

HB-S

APN/PARCEL ID

6829-40-6022

ASK ABOUT THIS PROPERTY

Connor MartinAllure Capital Management CorpMore Info
240-778-9714

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Connor MartinAllure Capital Management CorpMore Info
240-778-9714

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.