$4,775,000
1016 Devore Ln, Matthews, NC 28105
0 bed · 0 bath
0
bedrooms
N/A
baths
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sq.ft.
N/A
price per sf
Presented by Citadel Cofield · Office (980) 272-8547
About This Property
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.
About the Neighborhood
28105 covers Matthews and the Mint Hill corridor in southeastern Mecklenburg, about 10 to 15 miles from Uptown via I-485 and Independence Boulevard. Expect established subdivisions with mature trees, a mix of ranch and two-story homes, plus newer construction where the corridor has grown. Everyday errands sit along Matthews Township Parkway and Monroe Road, with Downtown Matthews and Mint Hill Town Center close by. Buyers often come here for neighborhood feel, greenway access, and a commute that still works without living intown.
Property Features
Property Description
- Stories: 1
- Year Built: 2016
- New Construction: No
- MLS #: 4352561
Association
- HOA Required: No
Utilities
- Cable Connected
- Electricity Connected
- Natural Gas
Interior Features
- Cooling: Central Air, Gas
Cooling
- Central Air
- Gas
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Other
Sewer
- Public Sewer
WaterSource
- City
Flooring
- Concrete
Tax and Financial Info
- Listing Terms: Cash, Conventional, Exchange
Location
Similar homes nearby
LISTING COURTESY OF: NAI BEVERLY-HANKS
twp@naibeverly-hanks.com
$4,775,000
Est. Payment: $24,543/mo
Adjust down payment, rate & terms
Matthews, NC 28105
0
bedrooms
N/A
baths
N/A
sq.ft.
N/A
price per sf
Presented By
Carnarri Cofield
REALTOR®
Office: (980) 272-8547
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of NAI Beverly-Hanks
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.