1016 Devore Lane, Matthews, NC 28105 | MLS #4352561 | Ivester Jackson Blackstream

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Listing provided courtesy of NAI Allen Tate Beverly-Hanks CommercialMLS# 4352561MLS ProviderContact Information: [email protected]
  • 119 days on site
  • 0 views

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.

Source: Canopy MLS, MLS#: 4352561

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  • Property Type
    Commercial Sale

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  • Median Age
    40
  • Population Density
    1,972
  • College Educated
    60%
  • Estimated Median Income
    $86,463
  • Estimated Total Home Owners
    12,010
  • Estimated Total Renters
    5,839
  • Owner / Renter Divide
    67% / 33%
  • Estimated Average Household Size
    3
  • Total Population
    47,292
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1016 Devore Lane

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
3/3/2026Source: Canopy MLS Added to Database
March 03, 2026