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Property profile & analytics
OFF-MARKET
Lifestyle centers

344 Hanes Mill Rd Winston-Salem, NC 27105

142,306 SF Built 2003
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Lifestyle centers
Year built 2003
Total area 142,306 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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