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Retail Center Shadow Anchored
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344 E Hanes Mill Rd, Winston-Salem, NC 27105

Retail center with national retailers and high consumer traffic.

Space Size1,149 SF
Property Size142,306 SF
Days on Market1556

Property Features for 344 E Hanes Mill Rd

General Information

Standard status Active
Size 1,149 SF
Total Parking Spaces 771
Property subtype Retail

Building Details

Building Size 142,306 SF
Year Built 2003
Tenancy Multiple

Spaces For Lease

at 344 E Hanes Mill Rd Contact us

Suite 24

Size
1,149 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Rivercrest Realty Associates LLC
Listed By: Jimmy Conder · License #NC
Source: Crexi
Added: Jun 2, 2022 Changed: Aug 14 Last Checked: Sep 2 at 4:10PM

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 Rivercrest Realty Associates LLC

Investment Insights

Based on property information with market context.

Oak Summit Shopping Center is a retail center shadow anchored by a Walmart Supercenter. It is located on Hanes Mill Road in Winston-Salem, NC. The center is the dominant retail location on the northern side of Winston-Salem and includes a large number of national retailers. These retailers attract a high volume of consumer traffic to the center. The center is located less than 0.5 miles from both University Parkway and John M Gold Freeway (US Hwy 52/NC 8). It is easily accessible from two signalized entrances on Hanes Mill Road. Average traffic for the area totals 16,000 vehicles per day on Hanes Mill Road and 21,000 vehicles per day on University Parkway. No internet cafes are allowed.

Key Highlights

  • Walmart Supercenter shadow anchor provides significant consumer traffic.
  • Dominant retail center in North Winston‑Salem.
  • Easily accessible location with two signalized entrances on Hanes Mill Road.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Hair Salon Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

122
Businesses Nearby
Under-served
Demand for This Use

Demographics for 27105, NC

39,977
Population
18,130
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
82%
High-School Grad
33.7 sq mi
ZIP Area
1,186
Density / Sq Mi
$41,580
Median Household Income
$29,619
Median Earnings
$888
Median Rent
$151,300
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail center with national retailers and high consumer traffic.
Where is this shopping center located?
The property is located at 344 E Hanes Mill Rd Winston-Salem, NC.
What are key features of this property?
This property features: Walmart Supercenter shadow anchor provides significant consumer traffic.; Dominant retail center in North Winston‑Salem.; Easily accessible location with two signalized entrances on Hanes Mill Road.
More about this property
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