Description
Outstanding investment opportunity in the retail hub of Matthews. The tenant, Pike’s Nursery, is a national chain with the parent organization 135 years old. The absolute net lease has 11 years remaining on the first term, with multiple additional option periods. The structure was build in 2016. In March, 2027, the rent will increase by 10%, creating a capitalization rate of 6.5%. This property is located within a few minutes of virtually every retailer of note and 4, 000 apartment units.
Address
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Address: 1016 Devore Lane, Matthews, North Carolina 28105
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City: Matthews
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State/county: NC
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Zip/Postal Code: 28105
Details
Updated on September 8, 2026 at 4:37 pm-
Property ID 4352561
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Price $4,775,000
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Year Built 2016
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Property Type Retail, Commercial Sale
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Property Status Active, For Sale
Additional details
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Listing Terms Cash, Conventional, Exchange
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Utilities Cable Connected, Electricity Connected, Natural Gas
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Sewer Public Sewer
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Cooling Central Air, Gas
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Flooring Concrete
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County Mecklenburg
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Property Type Commercial Sale
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