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Oak Summit 360-430 E Hanes Mill Rd 1,783 SF of Retail Space Available in Winston-Salem, NC 27105
HIGHLIGHTS
- Anchored by Walmart Supercenter, Marshalls, Ross Dress For Less and PetSmart
- Traffic Counts: 16,000 cars/day on Hanes Mill Road and 20,000 cars/day on University Parkway
- Co-tenants include Rainbow, Five Below, Hibbett Sports, Cato, Dollar Tree, Sally Beauty Supply and Jimmy Johns
- Two signalized entrances on Hanes Mill Road
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 23 | 1,783 SF | 3-10 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable |
438-450 Hanes Mill Rd - 1st Floor - Ste 23
Space dimensions: 29'-8" x 60'-0"
- Highly Desirable End Cap Space
- Space In Need of Renovation
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 OAK SUMMIT
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Cato
- -
- -
- -
- Five Below
- -
- -
- -
- Hibbett Sports
- Sporting Goods
- 1,340
- National
- Marshalls
- Dept Store
- 1,431
- International
- Rainbow Apparel
- Ladies' Apparel
- 1,148
- National
- Spectrum Communications
- Other Services
- 1,318
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Cato | - | - | - |
| Five Below | - | - | - |
| Hibbett Sports | Sporting Goods | 1,340 | National |
| Marshalls | Dept Store | 1,431 | International |
| Rainbow Apparel | Ladies' Apparel | 1,148 | National |
| Spectrum Communications | Other Services | 1,318 | National |
PROPERTY FACTS
| Total Space Available | 1,783 SF | Frontage | Hanes Mill |
| Center Type | Community Center | Gross Leasable Area | 349,742 SF |
| Parking | 1134 Spaces | Total Land Area | 45.87 AC |
| Center Properties | 5 | Year Built | 2001 |
| Total Space Available | 1,783 SF |
| Center Type | Community Center |
| Parking | 1134 Spaces |
| Center Properties | 5 |
| Frontage | Hanes Mill |
| Gross Leasable Area | 349,742 SF |
| Total Land Area | 45.87 AC |
| Year Built | 2001 |
ABOUT THE PROPERTY
Oak Summit Shopping Center is a Walmart Supercenter shadow anchored retail center on Hanes Mill Road in Winston-Salem, NC. As the dominant retail center on the northern side of Winston-Salem, Oak Summit has a large number of national retailers whose presence draws a high volume of consumer traffic to the center. Tenant include: Marshalls, Ross Dress for Less, GameStop, Sally Beauty Supply, Dollar Tree and Hibbett Sports. Located less than ½ mile from both University Parkway and John M Gold Freeway (US Hwy 52/NC 8), the center 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 21,500 vehicles per day on University Parkway. No internet cafes.
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
Presented by
Oak Summit | 360-430 E Hanes Mill Rd
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