Verizon Wireless, Charlotte MSA

2218 Matthews Township Parkway
Matthews, NC 28105

Site Plan(s) (PDF)

Aerial(s) (PDF)

Located 15 minutes SE of downtown Charlotte in one of the state’s most affluent and desirable communities
Verizon relocated to this 5,000 square foot retail building developed on 1.0 acres in October 2008
Outparcel to a 200,000 SF Marshalls, hhgregg, Hobby Lobby and Ollie’s Bargain Outlet retail center
Verizon is on a 10 year lease with a 10% rent bump after 5 years and a kick-out after 6 years
The all cash transaction closed escrow on May 3, 2010 for $2,350,000
The unleveraged opportunity buyer was a private investor out of South Carolina

Square Feet:

5,000

Acreage:

1

Cap Rate:

Call

Price:

$2,350,000

Property Type:

NN

Purchase Type:

For Sale

Contact:

Tyson Glasser, CCIM

(864) 263-5427