3421 Axar Rd - Warehouse FOR SALE


Charlotte, NC 28208- Westerly Hills
$2,020,000 USD
310-977-1651
3421 Axar Rd, Charlotte, NC for Sale
$2,020,000 USD
Warehouse - FOR SALE
1/7
null | 6.5% Cap Rate

3421 Axar Rd
Charlotte, NC 28208
Westerly Hills


OVERVIEW

ADJACENT TO CHARLOTTE INTERNATIONAL AIRPORT - The subject property is located just down the street from Charlotte Douglas International Airport, offering quick access to one of the busiest cargo and passenger airports in the country. This location is in Charlotte’s most established industrial corridor (Airport/West Submarket) with immediate connectivity to Billy Graham Parkway, I-485, I-85, and I-77, making it easy for tenants to distribute inventory throughout the region. The surrounding area is packed with national operators, distributors, and service companies, which is why this pocket continues to be one of the most in-demand industrial submarkets in the Carolinas. LONG-TERM LEASE EXTENSION 3% ANNUAL RENT INCREASES - ExperiGreen has occupied this facility for approximately 10 years and recently executed a new 7-year lease extension, further demonstrating their long-term commitment to the location. The tenant is also scheduled to complete property renovations in 2026, reinforcing their operational investment in the site. Annual rent increases of 3% provide a built-in hedge against inflation and support steady income growth for ownership. NATIONAL TENANT WITH INSTITUTIONAL BACKING - ExperiGreen Lawn Care is a fast-growing lawn services platform providing fertilization, weed control, pest management, and recurring subscription-based programs to hundreds of thousands of customers nationwide and operates out of dozens of locations across the country. In January 2025, the company was acquired by Wind Point Partners – an established private equity firm with ± $7 Billion of Assets under Management – with previous sponsor Huron Capital (a multibillion-dollar PE platform) retaining a minority stake, providing deep institutional backing and long-term tenant stability. FUNCTIONAL INDUSTRIAL W/ DOCKS & 25’ CLEAR - This highly functional ±10,212 SF facility sits on a ±1.76 Acre lot (13.19% Building/Lot Coverage) with three (3) dock high doors, one (1) grade level door and a ±25’ clear height.

FOR SALE DETAILS

PRICE

$2,020,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

UTILITIES

-

CLEAR CEILING HT

25 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.76

LAND SF

76,666

ZONING

I1

APN/PARCEL ID

061-191-07

ASK ABOUT THIS PROPERTY

Alexander HarroldMatthews Real Estate Investment ServicesMore Info
310-977-1651

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Alexander HarroldMatthews Real Estate Investment ServicesMore Info
310-977-1651

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