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Mattress Firm 920 Hanes Mall Blvd 6,000 SF Retail Building Winston-Salem, NC 27103 $4,380,000 ($730/SF) 5% Cap Rate



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.
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
$4,380,000
Price Per SF
$730
Cap Rate
5%
NOI
$219,000
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
Property Taxes
| Parcel Number | 6814-24-3928 | Improvements Assessment | $1,550,100 |
| Land Assessment | $964,800 | Total Assessment | $2,514,900 |
Property Taxes
Parcel Number
6814-24-3928
Land Assessment
$964,800
Improvements Assessment
$1,550,100
Total Assessment
$2,514,900
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Mattress Firm | 920 Hanes Mall Blvd
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