Dutch Bros NNN Retail
698 Hanes Mall Blvd, Winston Salem, NC 27103
For Sale
New
$3,314,000
A corporate-guaranteed absolute NNN lease includes scheduled rent increases and three renewal options.
Property SizeContact for details
Days on Market4
Property Features for 698 Hanes Mall Blvd
General Information
Standard status
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Listed By:
Justin Latone
(770) 955-2434
Source:
Tscg
Added: Nov 6
Last Checked: Nov 8 at 4:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Justin Latone
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Investment Insights
Based on property information with market context.
This Dutch Bros coffee-shop property is leased under a new 15-year absolute NNN agreement with a corporate guarantee from Boersma Bros. LLC, a subsidiary of Dutch Bros Inc. The lease provides 10% rent increases every 5 years and three 5-year extension options. The asset is located at 698 Hanes Mall Blvd in Winston-Salem, North Carolina.
The property fronts Hanes Mall Blvd, which carries approximately 28,000 vehicles per day, and has access to I-40, where traffic is reported at 103,000 vehicles per day. It is an outparcel to Pavilions Shopping Center, a 127,000-square-foot retail center, and sits next to Hanes Mall. The surrounding retail area includes Home Depot, Kohl’s, Lowe’s, Sam’s Club, Costco Wholesale, and Target. Downtown Winston-Salem is 4 miles away.
The property fronts Hanes Mall Blvd, which carries approximately 28,000 vehicles per day, and has access to I-40, where traffic is reported at 103,000 vehicles per day. It is an outparcel to Pavilions Shopping Center, a 127,000-square-foot retail center, and sits next to Hanes Mall. The surrounding retail area includes Home Depot, Kohl’s, Lowe’s, Sam’s Club, Costco Wholesale, and Target. Downtown Winston-Salem is 4 miles away.
Key Highlights
- New 15‑year absolute NNN lease with corporate guarantee from Boersma Bros. LLC
- Rent increases of 10% every 5 years; three 5‑year extension options
- Frontage on Hanes Mall Blvd, with approximately 28,000 VPD
Property Analytics
Who owns this building?
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Current Use
Lease Details
28,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,888
Businesses Nearby
755k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Apparel 35%
Shops & Services 18%
Electronics 8%
DICK'S Sporting Goods
Apparel
73,999 visits/mo
0.2 miles
Academy Sports + Outdoors
Apparel
67,705 visits/mo
0.4 miles
JCPenney
Apparel
58,325 visits/mo
0.5 miles
Chick-fil-A
Dining
56,410 visits/mo
0.5 miles
Best Buy
Electronics
55,016 visits/mo
0.3 miles
Demographics for 27103, NC
36,023
Population
17,884
Households
2
Avg Household Size
39
Median Age
41%
College-Educated
92%
High-School Grad
18.6 sq mi
ZIP Area
1,937
Density / Sq Mi
$66,582
Median Household Income
$40,498
Median Earnings
$1,113
Median Rent
$220,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A corporate-guaranteed absolute NNN lease includes scheduled rent increases and three renewal options.
Where is this nnn property located?
The property is located at 698 Hanes Mall Blvd Winston Salem, NC.
What is the asking price?
The asking price for this property is $3,314,000.
What are key features of this property?
This property features: New 15‑year absolute NNN lease with corporate guarantee from Boersma Bros. LLC; Rent increases of 10% every 5 years; three 5‑year extension options; Frontage on Hanes Mall Blvd, with approximately 28,000 VPD
