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
Open on Google Maps-
Address: 1016 Devore Lane
-
City: Matthews
-
State/county: NC
-
Zip/Postal Code: 28105
Details
Updated on March 12, 2026 at 4:44 pm-
Property ID 4352561
-
Price $4,960,000
-
Year Built 2016
-
Property Type Retail, Commercial Sale
-
Property Status Active, For Sale
Additional details
-
Listing Terms Cash, Conventional, Exchange
-
Utilities Cable Connected, Electricity Connected, Natural Gas
-
Sewer Public Sewer
-
Cooling Central Air, Gas
-
Flooring Concrete
-
County Mecklenburg
-
Property Type Commercial Sale
Mortgage Calculator
Monthly
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
Video
360° Virtual Tour
Contact Information
View ListingsSimilar Listings
324 Sanford Drive, Morganton, North Carolina 28655
324 Sanford Drive, Morganton, NC 28655, Morganton, NC- Retail, Commercial Sale
1163 Highway 274 Highway, Clover, South Carolina 29710
1163 Highway 274 Highway, Clover, SC 29710, Clover, SC- 4934 m²
- Retail, Commercial Sale
101 N Main Street, Waynesville, North Carolina 28786
101 N Main Street, Waynesville, NC 28786, Waynesville, NC- Retail, Commercial Sale
167 Shop Road, Kershaw, South Carolina 29067
167 Shop Road, Kershaw, SC 29067, Kershaw, SC- Retail, Commercial Sale
- The Simpson Group Realty