Log In/Sign Up
Your email has been sent.
CVS Pharmacy 14600 Lawyers Rd 10,856 SF Retail Building Matthews, NC 28104 $4,341,629 CAD ($399.93 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Best-in-Class, Investment-Grade, Public Guarantor | Recently Exercised Renewal Option
- Excellent Access & Visibility on Hard, Signalized Corner | Shadow-Anchored by Harris Teeter Grocery With Nearby HQ
- North Carolina Investment Opportunity
- Low Rent/Low Price Point in Tight Submarket | Highly Passive, Absolute NNN Lease
- Dense, Affluent Demographics in Growing Market
- Large Parcel Creates High Residual Value
EXECUTIVE SUMMARY
Northmarq, on behalf of ownership, is pleased to present the opportunity to acquire the fee simple interest in the CVS Pharmacy located at 14600 Lawyers Road in Matthews, North Carolina (the “Property”). CVS has been at this location since 2001, having already renewed once, and their Absolute NNN lease features zero landlord responsibility with no rent holiday or rent decrease in any of the remaining nine, five-year options.
An out-parcel of the Harris Teeter (subsidiary of The Kroger Co.) anchored Stevens Mill Crossing retail development, the Property is positioned just 30 minutes southeast of Downtown Charlotte. The Property is located on a hard, signalized corner in a market where population and household incomes have and are expected to continue growing exponentially with double-digit population growth six straight decades, including a whopping 1,686% growth since 1980. Matthews was recently ranked the #1 economy in North Carolina by Consumer Affairs based on its low poverty/unemployment and strong home appreciation.
CVS Health Corp. (NYSE: CVS; S&P: BBB) operates more than 9,000 locations nationwide and employs approximately 300,000 people across the U.S., Washington D.C. and Puerto Rico. The company generates over $372 billion in annual revenue and is ranked #5 on the Fortune 500.
North Carolina is an extremely attractive investment market, consistently ranked as a top U.S. state for business, including earning the #1 spot on CNBC’s “America’s Top States for Business” list in 2025, as well as in 2023 and 2022, due to its performance in key metrics like workforce, economy, infrastructure, education, cost of doing business, innovation and business-friendly climate.
In Association With Greg Laughton, NC Broker #313776.
An out-parcel of the Harris Teeter (subsidiary of The Kroger Co.) anchored Stevens Mill Crossing retail development, the Property is positioned just 30 minutes southeast of Downtown Charlotte. The Property is located on a hard, signalized corner in a market where population and household incomes have and are expected to continue growing exponentially with double-digit population growth six straight decades, including a whopping 1,686% growth since 1980. Matthews was recently ranked the #1 economy in North Carolina by Consumer Affairs based on its low poverty/unemployment and strong home appreciation.
CVS Health Corp. (NYSE: CVS; S&P: BBB) operates more than 9,000 locations nationwide and employs approximately 300,000 people across the U.S., Washington D.C. and Puerto Rico. The company generates over $372 billion in annual revenue and is ranked #5 on the Fortune 500.
North Carolina is an extremely attractive investment market, consistently ranked as a top U.S. state for business, including earning the #1 spot on CNBC’s “America’s Top States for Business” list in 2025, as well as in 2023 and 2022, due to its performance in key metrics like workforce, economy, infrastructure, education, cost of doing business, innovation and business-friendly climate.
In Association With Greg Laughton, NC Broker #313776.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,856 SF
Building Class
B
Year Built
2001
Price
$4,341,629 CAD
Price Per SF
$399.93 CAD
Cap Rate
6.50%
NOI
$282,206 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.24 AC
Zoning
AA3
Parking
64 Spaces (5.9 Spaces per 1,000 SF Leased)
Frontage
312’ on Lawyers Rd
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 07-054-715-D | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,040,607 CAD |
PROPERTY TAXES
Parcel Number
07-054-715-D
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,040,607 CAD
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
CVS Pharmacy | 14600 Lawyers Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.