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Listed price in listed location currency (USD).
$4,960,000

000

MLS® 4352561

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Days Active 3
Approx. Age 2016
MLS® Number 4352561

Property Address: 1016 Devore Lane, Matthews, NC, 28105

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number4352561
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2016
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Building, Land

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 2, 2026List Date
$4,960,000List Price
  • Commute

Commute

Starting Address
Destination Address
1016 Devore Lane, Matthews, NC

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