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$4,960,000
New Listing

1016 Devore Lane
Matthews, NC 28105

For Sale|Retail|Active
0
Beds
0
Total Baths
2016
Built
County:
Mecklenburg
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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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Listing Snapshot
Price 
$4,960,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
4.15 Acres
Year Built 
2016
MLS® Number 
4352561
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
22 hours agoListing first seen on site
22 hours agoListing updated with changes from the MLS®
General Features
Additional Property Use 
Commercial
Property Sub Type 
Retail
Sewer 
Public Sewer
Utilities 
Cable AvailableNatural Gas AvailableCable ConnectedElectricity Connected
Zoning 
O(CD)
Interior Features
Cooling 
Central AirGas
Flooring 
Concrete
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Exterior Features
Lot Features 
Level
Community Features
Financing Terms Available 
CashConventional
Roads 
Other
Listing courtesy of NAI Allen Tate Beverly-Hanks Commercial twp@naibeverly-hanks.com


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Last checked - 2026-03-04 12:02 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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855-299-SOLD
855-299-7653