Michelle Budd

NC & SC REALTOR®
License# 288939, 96528

1016 Devore Lane

Matthews, NC 28105

 $4,775,000

  • Open House
  • New Listing
  • Price Reduced$185,000
  • Virtual Open House
  • Virtual Tour
  • Sold
  • Active
  • Rental
  • 0 BedBeds
  • 0.0 BathBaths
  • SqftSqft
  • CAR4352561MLS#
  • Matthewsneighborhood
  • CommercialType

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.

View Neighborhood
 

We invite you to explore Matthews, it's local attractions, area statistics, and real estate market. There are currently 122 residential listings on the market in Matthews with an average list price of homes for sale of $512. Last month's average sold price was $502.

Matthews, NC has a population of 28,236 with an average household income of $93,999. When it comes to weather, the average summer high temperature for Matthews is 89.59ºF and the yearly rainfall average is 111 inches. As for real estate occupancy specifics, approximately 7,831 residents own their home and 3,053 rent their home.

Helen Adams Realty has skilled agents who have hyper-local expertise of the real estate market in Matthews and can help educate you whether you are interested in selling your current home or finding your new home.

Property Details 1016 Devore Lane, Matthews, NC 28105

  • Status: Active
  • MLS#: CAR4352561
  • Property Type: Commercial
  • Property Sub Type: Retail
  • List Date: 03/02/2026
  • Year Built: 2016
  • County: Mecklenburg
  • Acres: 4.150

Estimated Monthly Mortgage Calculator

 

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