1016 Devore LaneMatthews, NC 28105
Mecklenburg County
$4,775,000List price
2016Year built
7 months agoOn market
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.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Retail
- Year built
- 2016
- Zoning
- O(CD)
- Days on market
- 218
- MLS® Listing#
- 4352561
Property Features
- Cooling
- Central Air · Gas
- Flooring
- Concrete
- Lot features
- Level
- Utilities
- Cable Available · Natural Gas Available · Cable Connected · Electricity Connected
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Assessed value
- $4,344,700
- Parcel number
- 193-521-10
Listing Courtesy: NAI Beverly-Hanks - twp@naibeverly-hanks.com
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Last Updated: 2026-03-02
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