CVS Pharmacy NNN Investment
14600 Lawyers Rd, Matthews, NC 28104
NNN leased CVS Pharmacy in Matthews, North Carolina for sale.
Type:Retail
Property size:
10,856 SFPrice / SF:
$287/SF- Added:
- Dec 17, 2025
- Days on Market:
- 191
- Last Refresh:
- Mar 17 at 1:19 pm
Property Features for 14600 Lawyers Rd
General Information
- Standard status
- Active
- Size
- 10,856 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing office Northmarq Capital, LLC
Listing date Dec 17, 2025
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 Northmarq Capital, LLC
HighLights
- Absolute NNN lease with zero landlord responsibility and no rent holiday or rent decrease in any of the remaining nine, five‑year options.
- Located on a hard, signalized corner in Matthews, NC, ranked the #1 economy in North Carolina.
- CVS Pharmacy has been at this location since 2001 and has already renewed once.
- Located in a market with exponential population and household income growth, including 1,686% population growth since 1980.
- Out‑parcel of the Harris Teeter anchored Stevens Mill Crossing retail development.
- CVS Health Corp. (NYSE: CVS; S&P: BBB) is a Fortune 500 company with over $372 billion in annual revenue.
Overview
The CVS Pharmacy, situated at 14600 Lawyers Road in Matthews, North Carolina, is available for acquisition. CVS has occupied this location since 2001 and has already exercised one renewal option. The Absolute NNN lease stipulates zero landlord responsibilities and includes no rent abatements or decreases throughout the remaining nine, five-year option periods. Positioned as an out-parcel within the Harris Teeter-anchored Stevens Mill Crossing retail development, a subsidiary of The Kroger Co., the property is located approximately 30 minutes southeast of Downtown Charlotte. The property benefits from its location on a signalized corner within a market experiencing substantial population and household income growth, with double-digit population increases recorded across six decades, including a 1,686% increase since 1980. Matthews was recently recognized as the top economy in North Carolina by Consumer Affairs, citing its low poverty and unemployment rates, coupled with strong home appreciation. CVS Health Corp. operates over 9,000 locations nationwide, employing around 300,000 individuals across the U.S., Washington D.C., and Puerto Rico. The company generates over $372 billion in annual revenue and holds the #5 position on the Fortune 500 list. The property size is 10,856 square feet. North Carolina is recognized as a top state for business, earning the #1 spot on CNBC’s “America’s Top States for Business” list in 2025, as well as in 2023 and 2022.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $228.0k | $21.00 |
| − Vacancy | −$14.8k | −$1.37 |
| EGI | $213.2k | $19.64 |
| − OpEx | −$53.3k | −$4.91 |
| NOI | $159.9k | $14.73 |
10,856 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.28M
$2.00M – $2.66M
NOI $159,868 @ 7.0% cap · market cap 5.12%
Second Best
Retail
$1.90M
$1.66M – $2.22M
NOI $132,956 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$3.51M
$3.07M – $4.09M
NOI $245,551 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
CVS Pharmacy
Pharmacy
MoneyGram
Bank
Stephanie A. Bosquet, PharmD
Pharmacy
Redbox
Cinema
UPS Access Point ...
Courier Service
Similar Places Nearby
- Stephanie A. Bosquet, PharmD — 14600 Lawyers Rd, Matthews, NC 28104
- Drive-Thru Pharmacy Full Service — 14600 Lawyers Rd, Stallings, NC 28104
- Cynthia Hundley — 14600 Lawyers Rd, Matthews, NC 281043220
- CVS Pharmacy — 14600 Lawyers Rd, Matthews, NC 28104, United States
Location Insight
- Map
- Local Demand
- City
- Matthews
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.62444
- Latitude
- 35.142489
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NNN leased CVS Pharmacy in Matthews, North Carolina for sale.
Where is this drug store located?
The property is located at 14600 Lawyers Rd Matthews, NC.
What is the asking price?
The asking price for this property is $3,120,107.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibility and no rent holiday or rent decrease in any of the remaining nine, five‑year options.; Located on a hard, signalized corner in Matthews, NC, ranked the #1 economy in North Carolina.; CVS Pharmacy has been at this location since 2001 and has already renewed once.
