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.
| MLS # | 4352561 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 2016 |
| Days On Site | 176 |
| Listing Provided By | NAI Beverly-Hanks | Terry Peterson |
| Story(s) | 1 |
|---|---|
| Acreage | 4.15 |
| Cooling | Central Air, Gas |
|---|
| Lot Features | Level |
|---|
| Utilities | Cable Connected, Electricity Connected, Natural Gas |
|---|
| List Aor | Land of The Sky Association of Realtors |
|---|
| Property | 4344700 |
|---|
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Matthews |
| Zip Code | 28105 |
| Area | Mecklenburg |
| Listing VS Median (in 28105) | |
Price: $4,960,000 low | high Med: $515,000 On site: 176 low | high Med: 98 | |
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Matthews |
| Zip Code | 28105 |
| Area | Mecklenburg |
| Listing VS Median (in 28105) | |
Price: $4,960,000 low | high Med: $515,000 On site: 176 low | high Med: 98 | |