14600 Lawyers Rd - Drug Store FOR SALE


Matthews, NC 28104
$3,120,107 USD
404-635-8859
14600 Lawyers Rd, Matthews, NC for Sale
$3,120,107 USD
Drug Store - FOR SALE
1/4
null | 6.5% Cap Rate

14600 Lawyers Rd
Matthews, NC 28104


HIGHLIGHTS

  • Best-in-Class, Investment-Grade, Public Guarantor | Recently Exercised Renewal Option
  • Low Rent/Low Price Point in Tight Submarket | Highly Passive, Absolute NNN Lease
  • Excellent Access & Visibility on Hard, Signalized Corner | Shadow-Anchored by Harris Teeter Grocery With Nearby HQ
  • Dense, Affluent Demographics in Growing Market
  • North Carolina Investment Opportunity
  • Large Parcel Creates High Residual Value

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,120,107 USD

PRICE/SF

$287 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

AA3

APN/PARCEL ID

07-054-715-D

ASK ABOUT THIS PROPERTY

Jason PowellNorthmarqMore Info
404-635-8859

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Jason PowellNorthmarqMore Info
404-635-8859

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.