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Matthews Corner 2 Retail Properties in Matthews, NC
Investment Highlights
- The property is currently reported at 100% occupancy with a roster of established national retailers.
- The center is positioned near the intersection of U.S. 74 and Matthews Township Parkway, providing convenient regional access.
- Nearby multifamily and residential developments contribute an established consumer base within the immediate trade area.
- Academy Sports, Hobby Lobby, Marshalls, and Ollie’s Bargain Outlet comprise approximately 95.6% of the center's gross leasable area.
- Matthews Corners is located within a major retail concentration surrounded by numerous national retailers and service providers.
- Ollie’s Bargain Outlet recently exercised a renewal option through 2030, providing continued tenancy and future rent-growth potential.
Executive Summary
Matthews Corners is a fully occupied grocery-shadowed retail investment opportunity located at 2332 Matthews Township Parkway in Matthews, North Carolina, one of the Charlotte region's established suburban retail corridors. The property is positioned just off U.S. 74 at the intersection with Matthews Township Parkway (NC-51), providing visibility and access within a major commercial district that serves both local residents and regional consumers.
The center is anchored by a nationally recognized tenant roster that includes Academy Sports, Hobby Lobby, Marshalls, and Ollie’s Bargain Outlet. According to the offering materials, these anchor tenants collectively account for approximately 95.6% of the property's gross leasable area. The center is reported as 100% occupied and generates a stated net operating income of $2,014,949. Ollie’s Bargain Outlet recently exercised its final renewal option through 2030, creating a future mark-to-market opportunity for subsequent ownership.
Matthews Corners benefits from a surrounding retail concentration that includes major national retailers such as Costco, Sam’s Club, Lowe’s, Dick’s Sporting Goods, Best Buy, Target, The Home Depot, HomeGoods, Harris Teeter, PetSmart, Food Lion, Nordstrom Rack, and others. The property is also supported by nearby residential communities including Fountains Matthews Apartments, Tessa Matthews, and Matthews Square, helping drive consistent consumer activity within the trade area.
The offering combines stabilized occupancy, established national tenancy, and a strategic location within the Charlotte metropolitan area. Its position within a mature retail corridor, coupled with nearby residential growth and strong regional accessibility, presents investors with a retail asset backed by established consumer demand and long-term market relevance.
Sources:
The center is anchored by a nationally recognized tenant roster that includes Academy Sports, Hobby Lobby, Marshalls, and Ollie’s Bargain Outlet. According to the offering materials, these anchor tenants collectively account for approximately 95.6% of the property's gross leasable area. The center is reported as 100% occupied and generates a stated net operating income of $2,014,949. Ollie’s Bargain Outlet recently exercised its final renewal option through 2030, creating a future mark-to-market opportunity for subsequent ownership.
Matthews Corners benefits from a surrounding retail concentration that includes major national retailers such as Costco, Sam’s Club, Lowe’s, Dick’s Sporting Goods, Best Buy, Target, The Home Depot, HomeGoods, Harris Teeter, PetSmart, Food Lion, Nordstrom Rack, and others. The property is also supported by nearby residential communities including Fountains Matthews Apartments, Tessa Matthews, and Matthews Square, helping drive consistent consumer activity within the trade area.
The offering combines stabilized occupancy, established national tenancy, and a strategic location within the Charlotte metropolitan area. Its position within a mature retail corridor, coupled with nearby residential growth and strong regional accessibility, presents investors with a retail asset backed by established consumer demand and long-term market relevance.
Sources:
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 191,664 SF |
| Number of Properties | 2 | Total Land Area | 18.50 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 191,664 SF |
| Total Land Area | 18.50 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Matthews Corners
2308-2314 Matthews Township Pky, Matthews, NC 28105 |
Retail | 152,798 SF | 1996 | - |
| 2326-2332 Matthews Township Pky, Matthews, NC 28105 | Retail | 38,866 SF | 1996 | - |
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Jeff
Enck
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