1016 Devore Lane, Matthews, NC 28105 (MLS # 4352561)

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PRICE $4,960,000 dsIDX morgage calculator
SIZE n/a
LOT SIZE 4.15 ac

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.

YEAR BUILT 2016 COUNTY Mecklenburg
STATUS Active PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air, Gas
AIR CONDITIONING Yes
LOT 4.15 acre(s)
LOT DESCRIPTION Level
LOT DIMENSIONS 4.15
MLS STATUS Active
SEWER Public Sewer
STORIES 1
UTILITIES Cable Available, Natural Gas Available, Cable Connected, Electricity Connected
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with NAI Allen Tate Beverly-Hanks Commercial
Date last updated: 5/21/26 9:42 AM PDT

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