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245 W Fourth St 2,750 - 6,600 SF of Retail Space Available in Winston-Salem, NC 27101
Highlights
- Prime Downtown Location
- Strong Visibility
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,750-6,600 SF | Negotiable | $22.74 CAD/SF/YR $1.89 CAD/SF/MO $150,062 CAD/YR $12,505 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 245 W Fourth St, Winston-Salem, NC 27101
- Tenant
- Description
- US Locations
- Reach
- HH North
- Transportation and Warehousing
- 1
- -
- Red Rose Enterprises LLC
- Public Administration
- 1
- -
| Tenant | Description | US Locations | Reach |
| HH North | Transportation and Warehousing | 1 | - |
| Red Rose Enterprises LLC | Public Administration | 1 | - |
Property Facts
| Total Space Available | 6,600 SF | Property Subtype | Storefront Retail/Office |
| Min. Divisible | 2,750 SF | Gross Leasable Area | 6,600 SF |
| Property Type | Retail | Year Built | 1914 |
| Total Space Available | 6,600 SF |
| Min. Divisible | 2,750 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 6,600 SF |
| Year Built | 1914 |
About the Property
Position your business in the heart of downtown Winston-Salem, surrounded by a vibrant mix of established local favorites. This prime retail location sits just steps from well known destinations such as Camino Bakery, Heff’s Burger Club, and Xcaret, drawing consistent foot traffic from residents, professionals, and visitors alike. The area is anchored by a dynamic blend of retail, office space, and downtown living, creating an energetic, walkable environment ideal for businesses looking to stand out. With strong visibility and proximity to a built-in customer base, this location offers an exceptional opportunity to establish a presence in one of the city’s most desirable corridors. Ownership is seeking a tenant that will complement the surrounding community and elevate the space, bringing added value, quality, and prestige to this premier downtown location.
Nearby Major Retailers
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245 W Fourth St
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