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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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1016 Devore Ln , Matthews, NC 28105
$4,775,000
Est. Payment: $10,611.11/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 190
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NCM100510 - tepe54808
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

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.
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Highlights

Listed by Terry Peterson , 828-210-3940 NAI Beverly-Hanks , 828-210-3940.

Property Type

Commercial Sale
Lot/Acreage
4.15

Year Built

2016

County

Mecklenburg

Listing ID

4352561

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Air Cond:Central Air,Gas
Fireplaces:
Floor:Concrete
Below Ground Sq Ft:0
Water:City

Exterior Features

Lot:Level
Sewer:Public Sewer
Principal Interest
$10,611
Taxes
$3,044

Home Price

$4,775,000

Loan Details

30 yrs
%

Down Payment

20%
$955,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,611.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,611.11 $3,044.06 $0.00 $13,655.17
Yearly $127,333.33 $36,528.75 $0.00 $163,862.08
Total $3,820,000.00 $1,095,862.50 $0.00 $4,915,862.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Matthews, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.