Northmarq, on behalf of ownership, is pleased to present the opportunity to acquire the fee simple interest in the CVS Pharmacy located at 14600 Lawyers Road in Matthews, North Carolina (the “Property”). CVS has been at this location since 2001, having already renewed once, and their Absolute NNN lease features zero landlord responsibility with no rent holiday or rent decrease in any of the remaining nine, five-year options.
An out-parcel of the Harris Teeter (subsidiary of The Kroger Co.) anchored Stevens Mill Crossing retail development, the Property is positioned just 30 minutes southeast of Downtown Charlotte. The Property is located on a hard, signalized corner in a market where population and household incomes have and are expected to continue growing exponentially with double-digit population growth six straight decades, including a whopping 1,686% growth since 1980. Matthews was recently ranked the #1 economy in North Carolina by Consumer Affairs based on its low poverty/unemployment and strong home appreciation.
CVS Health Corp. (NYSE: CVS; S&P: BBB) operates more than 9,000 locations nationwide and employs approximately 300,000 people across the U.S., Washington D.C. and Puerto Rico. The company generates over $372 billion in annual revenue and is ranked #5 on the Fortune 500.
North Carolina is an extremely attractive investment market, consistently ranked as a top U.S. state for business, including earning the #1 spot on CNBC’s “America’s Top States for Business” list in 2025, as well as in 2023 and 2022, due to its performance in key metrics like workforce, economy, infrastructure, education, cost of doing business, innovation and business-friendly climate.
In Association With Greg Laughton, NC Broker #313776.