Verizon Wireless, Matthews, NC

2218 Matthews Township Parkway
Matthews, NC 28105

PROPERTY SOLD

Property: Investment Sales

Square Footage: 5,000

Acreage: 1

Price: $2,350,000

Cap Rate: Call

Description:

  • 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

Verizon Wireless, Matthews, NC

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Contact

Tyson Glasser, CCIM
Investment Sales Director
(864) 263-5427 - Main
(404) 435-6312 - Mobile
tglasser@realtylinkdev.com