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32024170
32010915

920 HANES MALL BLVD, WINSTON SALEM, NC 27103-5527

JC
NC 312455
CENTURY 21 Triangle Group
PF
NC 295126
Century 21 Providence  Charlotte
Listed by CENTURY 21 Triangle Group, Century 21 Providence Charlotte
$4,380,000
79 days on market
Updated 36 days ago

920 HANES MALL BLVD, WINSTON SALEM, NC, 27103-5527

Details
APN 6814-24-3928.00
Property Type Retail
Sub Type Storefront
Square Footage 6,000
Units 1
Cap Rate 5%
NOI $219,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Price per SqFt $730
Year Built 2013
Stories 1
Acreage 0.610
Ground Lease No

NNN Lease | National Tenant

Marketing description

920 Hanes Mall Blvd presents a premium NNN retail investment leased to Mattress Firm, a well-established national retailer with a strong operating history and brand recognition. Located along one of Winston-Salem’s most active retail corridors near Hanes Mall, the property benefits from high traffic, excellent visibility, and a proven retail environment surrounded by national tenants.

The asset is structured as a Triple Net (NNN) lease, providing a truly passive investment where the tenant is responsible for taxes, insurance, and maintenance. This allows for consistent, predictable income with minimal landlord involvement.

Offered at approximately a 5% cap rate, this property is ideal for investors prioritizing stability, security, and long-term income preservation over higher-risk returns. While not a high cap rate asset, it is perfectly suited for 1031 exchange buyers seeking to place capital into a credit-backed, low-management investment in a strong retail location.

With a nationally recognized tenant, stable cash flow, and a hands-off ownership structure, this property represents a secure passive income opportunity in a high-demand corridor.

Investment highlights

Leased to Mattress Firm (national tenant)

Triple Net (NNN) lease – passive investment

~5% cap rate – stable, secure returns

Ideal for 1031 exchange investors

Prime location on Hanes Mall Blvd

High-traffic retail corridor

Strong surrounding national retailers

Predictable, long-term income

Offered at approximately a 5% cap rate, this property is ideal for investors prioritizing stability, security, and long-term income preservation over higher-risk returns. While not a high cap rate asset, it is perfectly suited for 1031 exchange buyers seeking to place capital into a credit-backed, low-management investment in a strong retail location.

With a nationally recognized tenant, stable cash flow, and a hands-off ownership structure, this property represents a secure passive income opportunity in a high-demand corridor.

Listing Contacts

JC
NC 312455
CENTURY 21 Triangle Group
PF
NC 295126
Century 21 Providence  Charlotte
Listed by CENTURY 21 Triangle Group, Century 21 Providence Charlotte

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$219,000.00
$18,250.00/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

Map

Zoning

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GB-S CommercialGeneral CommercialGeneral Business Special Use
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Jose Cruz
License
312455
Brokerage
Century 21 Triangle Group Commercial
Brokerage Phone
9842398452
Name
Pat Flanagan
License
295126
Brokerage Address
1111 Haynes Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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