1016 Devore Lane
Matthews, NC 28105
Est. $28,510/mo — See my rate
About This Home
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 Details
Interior Details
- Flooring
- Concrete
- Inclusions
- Building
- Land
- Sqftmaximumlease
- 0.00
- Sqftminimumlease
- 0.00
- Sqftavailablemaximum
- 40000
- Sqftavailableminimum
- 40000
Square Footage And Levels
- Below Grade Finished Area
- 0
Lot And Land
- Lot Features
- Level
- Lot Size Acres
- 4.15
- Lot Size Units
- Acres
Utilities
- Sewer
- Public Sewer
- Utilities
- Cable Connected
- Electricity Connected
- Natural Gas
- Water Source
- City
Financial Information
- Citytaxespaidto
- Matthews
Zoning And Restrictions
- Zoningspecification
- O( C D)
Listed by Terry Peterson (828-210-3940) · NAI Allen Tate Beverly-Hanks Commercial (828-210-3940)
Location
- Address
- 1016 Devore Lane
- City
- Matthews, NC 28105
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