Retail Investment Opportunity in
1016 Devore Ln, Matthews, NC 28105
Call to check price and availability
Retail property with long-term tenant in prime Matthews location.
Type:Retail
Property size:
40,000 SFPrice / SF:
$124/SF- Added:
- Mar 3, 2026
- Days on Market:
- 70
- Last Refresh:
- Mar 16 at 2:07 pm
Property Features for 1016 Devore Ln
General Information
- Standard status
- Active
- Size
- 40,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2016
Listing agent Terry Peterson License #NC 177585
Listing office NAI Beverly-Hanks (828) 210-3940
Listing date Mar 3, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of NAI Beverly-Hanks
HighLights
- Stable, long‑term investment with a national tenant (Pike's Nursery)
- Absolute net lease with 11 years remaining on the initial term
- Rent increase in March 2027, boosting capitalization rate to 6.5%
- Prime location in the retail hub of Matthews
- New construction (built in 2016)
- Proximity to major retailers and 4,000 apartment units
Overview
This commercial property presents an investment opportunity in the retail hub of Matthews. The property is currently leased to Pike's Nursery, a national chain with a 135-year-old parent organization. The absolute net lease has 11 years remaining on the first term, with multiple additional option periods. Constructed in 2016, the property offers a modern structure. The property is located within a few minutes of many retailers and 4,000 apartment units. The property size is 40000 square feet. In March 2027, the rent is scheduled to increase by 10%, resulting in a capitalization rate of 6.5%.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Pike Nurseries
Landscaping
Similar Places Nearby
- Backyard Birds — 1819 Matthews Township Pkwy # 800, Matthews, NC 28105
- Lowe's Garden Center — 2115 Matthews Township Pkwy, Matthews, NC 28105
- Garden Center at The Home Depot — 1837 Matthews Township Pkwy, Matthews, NC 28105
- Crown Pest Control — 10737 Independence Pointe Pkwy #102, Matthews, NC 28105
- Pest Control Services of Matthews
Location Insight
- Map
- Local Demand
- City
- Matthews
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.6981006
- Latitude
- 35.1283118
Nearby Similar for Sale
FAQs
What type of property is this?
Nursery and garden center - Retail property with long-term tenant in prime Matthews location.
Where is this nursery and garden center located?
The property is located at 1016 Devore Ln Matthews, NC.
What is the asking price?
The asking price for this property is $4,960,000.
What are key features of this property?
This property features: Stable, long‑term investment with a national tenant (Pike's Nursery); Absolute net lease with 11 years remaining on the initial term; Rent increase in March 2027, boosting capitalization rate to 6.5%
