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Investment Highlights

  • Leased to Mattress Firm (national tenant)
  • Triple Net (NNN) lease – passive investment
  • Prime location on Hanes Mall Blvd

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
C
Year Built
2013
Price
$5,948,040 CAD
Price Per SF
$991.34 CAD
Cap Rate
5%
NOI
$297,402 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.61 AC
Zoning
GB-S
Parking
31 Spaces (5.17 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Nearby Major Retailers

Village Tavern
Applebee's
Bad Daddy's Burger Bar
Starbucks
Workout Anytime
LongHorn Steakhouse
Jason's Deli
Olive Garden
Chili's Grill & Bar
Red Lobster

Property Taxes

Property Taxes

Parcel Number
6814-24-3928
Land Assessment
$1,319,692 CAD
Improvements Assessment
$2,120,289 CAD
Total Assessment
$3,439,981 CAD
  • Listing ID: 40309502

  • Date on Market: 2026-04-27

  • Last Updated:

  • Address: 920 Hanes Mall Blvd, Winston-Salem, NC 27103

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