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$ 4,960,000
Est. payment /mo
Active
1016 Devore LN Matthews, NC 28105
4.15 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4352561
Year Built 2016
Lot Size 4.150 Acres
Acres 4.15
Property Sub-Type Retail
Property 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.
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.
Location
State NC
County Mecklenburg
Zoning O(CD)
Interior
Cooling Central Air, Gas
Flooring Concrete
Inclusions Building, Land
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas
Street Surface Other
Building
Lot Description Level
Sewer Public Sewer
Water City
New Construction false
Others
Senior Community false
Restrictions Other - See Remarks
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Special Listing Condition None
© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Terry Peterson • NAI Allen Tate Beverly-Hanks Commercial • [email protected]
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