2332 Matthews Township Pkwy, Matthews, NC
OFFERING INTRODUCTION
Matthews™, as exclusive broker, is pleased to present the opportunity to acquire Matthews Corners, a 191,664± SF core-plus community center located in Matthews, NC - anchored by an extremely high performing Hobby Lobby, the #1 Marshalls in NC, Academy Sports, and Ollie’s Bargain Outlet.
INVESTMENT HIGHLIGHTS
Strategically located within the heart of Matthews, in southeast Charlotte, NC
The financial capital of the Southeast and home to one of the fastest-growing economies on the East Coast
Ollie’s just exercised its last option through 2030, paying well below market rent in 35,639± SF
Providing the next iteration of ownership with an exceptional upside play, resulting in a CAGR of 4.5%
Matthews Corners boasts a proven, high performing and synergistic national anchor base which comprises 95.6% of the Total GLA
Including Academy Sports, Hobby Lobby, Marshalls, and Ollie’s Bargain Outlet, which just renewed through 2030
Established and recently developed nearby consumer bases with immediate walkability
Via Fountains Matthews Apartments (258 units), Bella Sera Villas, and Tessa Matthews (163 homes)
Marshalls at Matthews Corners reports phenomenal sales, ranking as the #1 store (of 50) in the state of North Carolina and in the top 5% of the entire nation
Similarly, Hobby Lobby is ranked #4 (of 39) in NC and in the top 7% nationally
Convenient, high traffic market position just off US-74 at Matthews Township Pkwy (NC-51)
Accessing a combined traffic count of 84,000± VPD
Notably strong, growing and affluent trade area demographics
Characterized by 2.8% projected annual growth (1-mile), a population of 164,432 people within a 5-mile radius, and an Avg. HH Income of $137,649
Situated within a truly regional retail center of gravity in suburban Charlotte
Which includes Costco, Sam’s Club, Lowe’s, Dick’s, Best Buy, Ulta, HomeGoods, Harris Teeter, Target, The Home Depot, Old Navy, PetSmart, Food Lion, World Market, Nordstrom Rack and more
MARKET OVERVIEW
Matthews, North Carolina (Charlotte MSA)
Rapid Growth and a Robust Economic Infrastructure
Situated roughly 11 miles southeast of Uptown Charlotte, Matthews is an established, affluent suburb, which continues its consistently strong growth within the Charlotte MSA. Home to Novant Health’s 177-bed Matthews Medical Center and a major, regional shopping hub, Matthews provides an ideal combination of local shopping, entertainment, and restaurants with convenient proximity to Charlotte’s major employment and cultural centers.
As the most populous city in North Carolina and still one of the fastest growing cities in the Southeast, Charlotte continues to diversify its robust economy beyond the nation’s second-largest banking center, attracting major corporate relocations, including Maersk North America, which brought 1,300 new employees to the city; Odyssey Logistics, which relocated its global headquarters in March of 2025 to southwest Charlotte; Daimler Truck Financial Services USA, which announced in May of 2025 that it was consolidating operations in Michigan and Texas to the Ballantyne area of Charlotte, creating 276 jobs with an average salary of $135K; and Scout Motors, which just announced its intent to establish its global headquarters in Plaza Midwood – a $207M investment in Charlotte with 1,200 high paying jobs.
LOCATION ATTRIBUTES
Finance Hub
As the second-largest banking center in the U.S. behind New York City, Charlotte has established itself as a major national finance hub. With over 105,000 finance jobs and $362B in assets, it serves as headquarters and/or major centers for Bank of America, Truist, Wells Fargo, Ally Financial, and LendingTree. Charlotte also boasts the third highest concentration of financial talent in the U.S., attracting major Fintech investment attracted to the city’s rich ecosystem.
Center for Higher Education
Professional Sports
Global Headquarters
Major Area Employers
PROPERTY ATTRIBUTES
With over 2.1 million annual customer visits and a 41 minute Avg. Dwell Time, Matthews Corners boasts two top 5 anchor tenants in the state – Marshalls (#1) and Hobby Lobby (#4) – making it a proven regional shopping hub.
Retail Center of Gravity
The Property serves as a major component of what is THE retail center of gravity in southeast Charlotte. In addition to its own high performing retailers, Matthews Corners is surrounded by major national draws like Costco, Lowe’s, Dick’s, Michaels, Old Navy, World Market, Target, Sam’s Club, Ross, DSW, Kohl’s, PetSmart, Harris Teeter, At Home, bealls outlet, Nordstrom Rack, Ulta, Best Buy and more – all of which contribute to a palpable synergy within a mile of the Property.
Intersection of Regional Retail &
Commuter Corridors: US-74 & NC-51
Matthews Corners is strategically situated at the intersection of two major Charlotte thoroughfares – US-74 and NC-51. From the Uptown area, US-74 serves as southeast Charlotte’s preminent retail and traffic corridor, connecting the hub of the city with the growing suburban communities of Matthews, Indian Trail, and Monroe; before continuing all the way to Wrightsville Beach, along North Carolina’s Atlantic Coast. NC-51 runs from the southwest side of Charlotte to its east side, connecting I-77 and communities like Pineville, Ballantyne, and North Fort Mill, with I-485 and Mint Hill, in east Charlotte.
Convenient Walkability for Surrounding Consumers
In addition to being a regional shopping destination with a significant trade area radius, Matthews Corners boasts a rare convenience factor with immediate walkability for surrounding communities. With over 1,000 apartments and townhomes within just over one-half mile, the Center benefits from a built-in consumer base that continues to grow via the connection of Northeast Parkway with Matthews-Mint Hill Rd, directly behind the Property.
TENANT HIGHLIGHTS
Extremely High Performing National
Credit Anchor Mix with Upside
Anchored by the #1 Marshalls and #4 Hobby Lobby stores in the state, along with a long-term Academy Sports and recently renewed Ollie’s Bargain Outlet, Matthews Corners boasts a strong national credit anchor line-up with a proven history of success over an average tenure of 19+ years. In addition to obvious stability, Matthews Corners provides tremendous built-in NOI growth via Marshalls and Academy. Academy has a $32K bump coming in 2028, while Marshalls has proposed an early 10-yr extension, further details of which can be provided upon request.
Phenomenal Value Creation Opportunity via Ollie’s Box
Matthews Corners provides an incoming Buyer with a rare, highly actionable value creation play which would potentially add significant value, facilitating a 4.5% CAGR in Year 7. Ollie’s just exercised its last 5-yr option through 2030, paying well below market rent – providing a phenomenal mark-to-market play in less than four years, with an opportunity to leverage the consumer draws of the #1 Marshalls and #4 Hobby Lobby stores in the state.
Beneficial National Outparcel Draws
In addition to an over 96% (included) national tenant roster, Matthews Corners benefits from a host of national outparcel draws, counting Five Guys, Verizon, Andy’s Frozen Custard, and Better Med Urgent Care – which support ancillary consumer draw to the Property throughout the day.
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