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    344 Hanes Ml Rd Winston-Salem, NC 27105

    For Lease
    Contact for pricing

    Winston-Salem, NC Shopping Center

    Lot size:
    142,306 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Oak Summit Shopping Center, a 142,306 square foot retail center in Winston-Salem, NC, offers multiple spaces for lease, ranging from 1,210 to 1,783 square feet. Built in 2003, this center boasts 771 parking spaces and enjoys a prime location on Hanes Mill Road, less than half a mile from University Parkway and US Hwy 52/NC 8. Benefitting from its Walmart Supercenter shadow anchor, the center attracts high consumer traffic due to its strong tenant mix, including national retailers such as Marshalls, Ross Dress for Less, PetSmart, Rainbow, GameStop, Sally Beauty Supply, Dollar Tree, and Hibbett Sports. The property features two signalized entrances on Hanes Mill Road, providing excellent accessibility. High daily traffic counts of 16,000 vehicles on Hanes Mill Road and 21,000 vehicles on University Parkway ensure significant visibility and customer reach. Located in Forsyth County, NC, with a Winston-Salem address and zip code 27105, this center presents a compelling opportunity for retail businesses seeking a high-traffic location. The minimum leasable space is 1,210 square feet.

    Property Features for 344 Hanes Ml Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    142,306 SF

    Building Details

    Year Built
    2003

    Unit(s) available at that property

    Space
    Suite 23
    Size
    1,783 SF
    Space
    Suite 20
    Size
    1,210 SF
    Space
    Suite 6
    Size
    1,396 SF

    HighLights

    • Shadow‑anchored by Walmart, Marshalls, Ross, and PetSmart.
    • Strong tenant lineup including Hibbett Sports, Five Below, Rainbow, GameStop, Cato, Dollar Tree, and Sally Beauty.
    • 142,306 square feet, built in 2003.
    • Ample parking with a 5.41/1,000 SF ratio.
    • High traffic counts: 16,000 VPD on Hanes Mill Road and 21,000 VPD on University Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oak Summit Shopping ... Shopping Mall

    Suggested Use

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

    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
    -80.27312403
    Latitude
    36.19187091

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    FAQs

    What type of property is this?
    Lifestyle center - Winston-Salem, NC Shopping Center
    Where is this lifestyle center located?
    The property is located at 344 Hanes Ml Rd Winston-Salem, NC.
    What are key features of this property?
    This property features: Shadow-anchored by Walmart, Marshalls, Ross, and PetSmart.; Strong tenant lineup including Hibbett Sports, Five Below, Rainbow, GameStop, Cato, Dollar Tree, and Sally Beauty.; 142,306 square feet, built in 2003.
    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
    344 Hanes Ml Rd Winston-Salem, NC 27105
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