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Executive Summary

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.

Attachments

Deed & Plat

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Garden Center
Building Size
10,068 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2016
Price
$6,797,233 CAD
Price Per SF
$675.13 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
4.15 AC
Zoning
O(CD)
Parking
62 Spaces (1.55 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Headquartered in Atlanta, Georgia, Pike is the nation's largest family-owned and operated retail nursery. Through two generations, the Pike Family has prided itself on providing what's best for their second family... Atlanta gardeners. There is no substitute for experience... growing up and living in the Atlanta community... their home... never forgetting that people buy from people, not big corporations... and always offering gardeners something truly special. Pike Family Nurseries has earned over 150 Gardening Awards and continues to specialize in the highest quality lawn and garden products. That is because... they know what to do... when to do it... and how to do it better than anyone else when it comes to gardening.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - Lorem Ipsum Jan 0000
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Cyclebar
Club Pilates
Starbucks
Five Guys
MOOYAH Burgers, Fries & Shakes
Chicken Salad Chick
McAlister's Deli
CrossFit Gym
Carrabba's Italian Grill
Texas Roadhouse

Property Taxes

Property Taxes

Parcel Number
193-521-10
Land Assessment
$2,840,558 CAD
Improvements Assessment
$3,111,681 CAD
Total Assessment
$5,952,239 CAD
  • Listing ID: 39630694

  • Date on Market: 2026-03-02

  • Last Updated:

  • Address: 1016 Devore Ln, Matthews, NC 28105

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