INNOVATE
Real Estate
1 photo

$4,960,000

Matthews, NC 28105
Listed by Terry Peterson · NAI Beverly-Hanks
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2016

About this home

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.

Property details

MLS #
CAR4352561
Property type
Retail
Subdivision
N/A
Status
Active
Days on market
10
On market date
N/A
Stories
1
Garage spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Crown Point Elementary
2.34 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
529
Student:teacher ratio
16.5:1
District
Charlotte-Mecklenburg Schools
Middle
Mint Hill Middle
1.66 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
923
Student:teacher ratio
17.4:1
District
Charlotte-Mecklenburg Schools
High
Butler High School
0.7 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.4
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
1,965
Student:teacher ratio
18.9:1
District
Charlotte-Mecklenburg Schools

Mortgage calculator

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Est. monthly payment
$30,020/mo
$992,000 down
$3,968,000 loan
Principal & interest$25,736
Property tax (est.)$4,133
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated March 12, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.