18234 Statesville Rd
Cornelius, NC 28031
Pike Nurseries: Cornelius, NC · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 40,000-square-foot freestanding Pike Nursery, including a 30,000 SF Greenhouse, situated on approximately 4.2 acres in Cornelius, North Carolina. Cornelius is an upscale bedroom community nestled along the shores of Lake Norman—the largest man-made lake in North Carolina—and conveniently located just 20 miles north of Charlotte (MSA Population: 2.4 million). Pike Nurseries’ 20-year absolute NNN lease will commence upon closing and will include 10% rent increases every five years during the primary term as well as the two 5-year option periods. The property is ideally located with excellent frontage and visibility on Statesville Road (Traffic Count: 22,000 VPD), just 0.4 miles east of I-77 (Traffic Count: 82,000 VPD) which provides direct access to Charlotte’s CBD. The site is also situated within the area’s primary retail and commercial corridor which is highlighted by the 498,331-square-foot NorthCross Shopping Center (Anchors: Lowe’s Home Improvement, Kohl’s, Harris Teeter, Target) with an additional 4.1 MSF of retail, 2.9 MSF of office, 2.1 MSF of industrial and 4,948 multifamily units within a 3-mile radius. Other major retailers with a presence in the immediate vicinity include: Home Depot, Dick’s Sporting Goods, Regal Cinemas, Barnes and Noble, Bath & Body Works, Fresh Market, Whole Foods, Staples, Marshalls, Home Goods, William-Sonoma, Petco, Advance Auto Parts, Stein Mart, Mattress Firm, Walgreens, Outback Steakhouse, Panera, Chick-fil-A, LongHorn Steakhouse, and Panda Express among many others. Pike Nurseries will further benefit from significant commercial and single-family development in the immediate area including the Bailys Glen community (145-acres), Holly Crest Apartments (402 units), the Court Yards at Lake Norman (67 single family homes), and Junction at Antiquity Apartments (329-units). The submarket also provides an ideal demographic profile with a population of 51,487 and an average household income of $119,396 within a 3-mile radius.