1016 Devore Lane

For Sale

1016 Devore Lane, Matthews, NC 28105

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.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.

Building Details

  • For Sale $4,775,000
  • Property Type Retail - Freestanding
  • Property Size 40,000 SF
  • Lot Size 4.15 Acre
  • Additional Rent Price on request
  • Year Built 2016
  • Date Updated Oct 7, 2026
View Attachment
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

Terry Peterson

NAI Beverly-Hanks

Location

  • City Matthews, NC
  • Neighborhood Bella Sera Villas
  • Zip Code 28105
  • Market Charlotte
  • Walk score 52/100 Somewhat Walkable
Powered by Walk Score ®

Points of Interest

Hawthorne & 8th

9.27 miles

Hawthorne & 5th Street

9.29 miles

Sunnyside Avenue

9.31 miles

Elizabeth & Hawthorne

9.36 miles

CPCC Central Campus

9.73 miles

Costco Gasoline

0.35 miles

Exxon

0.68 miles

Circle K

1.06 miles

Shell

1.76 miles

BP

3.62 miles

EVgo Charging Station

3.63 miles

Murphy USA

4.30 miles

Tesla Supercharger

6.14 miles

EVgo

9.01 miles

ChargePoint

9.82 miles

Matthews Park & Ride

1.07 miles

Lot 7

1.67 miles

Cross Country Parking Lot

2.99 miles

Sharon Square Parking Deck

7.61 miles

Woodmere Lot D

7.91 miles

Woodmere Lot B

7.92 miles

Woodmere Lot A

7.92 miles

Woodmere Lot C

7.95 miles

Withers Lot

8.62 miles

Harris Welcome Center Lot

8.64 miles

Marshalls

0.14 miles

Big Lots

0.59 miles

Target

0.60 miles

Harris Teeter

0.71 miles

Kohl's

0.97 miles

Ross

1.09 miles

Food Lion

1.10 miles

Burlington

1.81 miles

ALDI

1.82 miles

Walmart Supercenter

2.08 miles

Listing Summary

  • Property Financials

    1016 Devore Lane is currently listed for sale at $4,775,000 for a price per square foot of $119.38.

  • Property Details

    1016 Devore Lane totals 40,000 square feet of Retail space on a lot spanning 4.15 acres. The property was initially built in 2016.

  • Area Characteristics

    1016 Devore Lane is located in the Bella Sera Villas neighborhood.

    In terms of ease of commuting, the area has a walk score of 52, indicating that it is somewhat walkable.

Contact Terry Peterson
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.