This offering presents the opportunity to acquire a ±144,000 SF institutional-quality office asset fully leased to Mecklenburg County, one of North Carolina’s most stable government tenants, carrying an AAA credit rating. The property is part of Charlotte’s high-growth University Research Park submarket, which benefits from proximity to I-85, I-485, and the UNC Charlotte campus, creating a major business corridor for corporate and government operations.
The three-story building is situated on approximately 8.5 acres and has undergone significant capital investment exceeding $3.4 million since 2014, including upgrades to roofing, HVAC/chiller systems, windows, elevator, lobby, and parking lot. The tenant has also invested an additional $3.5–$4 million for new furniture while implementing 24/7 operational capability on the third floor with enhanced security protocols. The property provides ample on-site surface parking with approximately 800 spaces (ratio of 5.56/1,000).
Currently 100% leased directly to Mecklenburg County under two leases with a WALT of five years, the tenancy includes 3% annual escalations and no termination rights, ensuring future income stability. With nearby access to Charlotte Douglas International Airport (approximately 21 minutes) and central positioning within the region’s primary office hub, this property offers long-term income security and minimal maintenance obligations, making it a compelling government-backed investment asset.