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    694 Hanes Mall Blvd Winston-Salem, NC 27103

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail center, 8 spaces available

    Lot size:
    126,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 126,940 square foot retail center, located at 694 Hanes Mall Blvd in Winston-Salem, NC 27103, presents a unique investment opportunity. Built in 1987 and renovated in 2014, the property boasts a prime location on a major retail corridor, offering excellent visibility and accessibility. Situated off I-40 and Hanes Boulevard, the center benefits from two signalized intersections, ensuring high traffic flow and convenient access for customers. The center provides ample parking with 568 spaces. Currently, Pavilions Shopping Center houses a diverse mix of national and local tenants, including well-known brands such as Bad Daddy's Burger Bar, Chuck E. Cheese, Workout Anytime, Lendmark Financial, and Subway, among others. Available spaces range from 1,215 square feet to 28,312 square feet, catering to a variety of business needs. The property is located in Forsyth County and is anchored by Truliant Academy, further enhancing its appeal and drawing a consistent customer base. This is an ideal opportunity to secure a prominent position in a thriving retail environment.

    Property Features for 694 Hanes Mall Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    126,940 SF

    Building Details

    Year Built/Renovated
    1987/2014

    Unit(s) available at that property

    Space
    Suite 592
    Size
    28,312 SF
    Space
    Suite 676
    Size
    2,400 SF
    Space
    Suite 540
    Size
    1,597 SF
    Space
    Suite 512
    Size
    2,554 SF
    Space
    Suite 608
    Size
    3,071 SF
    Space
    Suite 684
    Size
    3,619 SF
    Space
    Suite 680
    Size
    1,215 SF
    Space
    Suite 616
    Size
    3,319 SF

    HighLights

    • Anchored by Truliant Credit Union.
    • Strong tenant mix including Plato's Closet, Chuck E. Cheese, and Bad Daddy's Burger Bar.
    • 126,940 square feet; built in 1987, renovated in 2014.
    • Ample parking with a 4.47/1,000 SF ratio.
    • High traffic counts: 31,500 VPD on Hanes Mall Blvd and 30,500 VPD on Hwy 158.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pavilions Shopping Center Shopping Mall Bille Poll SR22 ... Commercial Agent Salem Creek Inc Gift Shop State Farm Insurance Health Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.303095942846
    Latitude
    36.063094553516

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail center, 8 spaces available
    Where is this retail property located?
    The property is located at 694 Hanes Mall Blvd Winston-Salem, NC.
    What are key features of this property?
    This property features: Anchored by Truliant Credit Union.; Strong tenant mix including Plato's Closet, Chuck E. Cheese, and Bad Daddy's Burger Bar.; 126,940 square feet; built in 1987, renovated in 2014.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    694 Hanes Mall Blvd Winston-Salem, NC 27103
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