The 1994 Hanes 500 was the eighth stock car race of the 1994 NASCAR Winston Cup Series season and the 45th iteration of the event.

[1][2] To fill out the top three, the aforementioned Ernie Irvan and Roush Racing driver Mark Martin would finish second and third, respectively.

With his second-place finish, Irvan was able to regain the overall points lead in the driver's championship from Dale Earnhardt.

At 0.526 miles (0.847 km) in length, it is the shortest track in the NASCAR Cup Series.

Rusty Wallace, driving for Penske Racing South, would win the pole, setting a time of 20.374 and an average speed of 92.942 miles per hour (149.576 km/h) in the first round.