MLS#4352561
STATUSActive
PROPERTY TYPECommercial - 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.
Property Features
Property Type: Commercial - Retail
Lot Size: 4.15 Acres
Year Built: 2016
Feature Descriptions
Days on Site: 94
Flooring: Concrete
Lot: Level
Parcel#: 193-521-10
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas
Water: City
Listed By / Shown By
Listed By
Agency Name: NAI Allen Tate Beverly-Hanks Commercial
Agency Contact: twp@naibeverly-hanks.com
Shown By
Agent Name: XIAOYU ANNA XU
Agent Phone: Cell: (704) 579-2892
Agency Title: Lake Norman Realty
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1016 Devore Lane | MLS# 4352561
This commercial property located at 1016 Devore Lane, Matthews, NC 28105 is currently listed for sale with an asking price of $4,960,000. Search Matthews real estate on anna.lakenormanrealty.com today.