1016 Devore Lane, Matthews, NC 28105
- $4,960,000
Listing courtesy of NAI Allen Tate Beverly-Hanks Commercial. twp@naibeverly-hanks.com
- List Price
- $4,960,000
- MLS#
- 4352561
- Status
- ACTIVE
- Days on Market
- 147
- Property Type
- Commercial Sale
- Year Built
- 2016
- Lot Size
- 180,774
- Lot Size Area
- 4.15
- County
- Mecklenburg
- Special Conditions
- None
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.
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Additional Information
- Floor Coverings
- Concrete
- Water
- City
- Sewer
- Public Sewer
- Driveway
- Other
- Lot Description
- Level
Mortgage Calculator
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