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3421 Axar Rd 10,212 SF Industrial Building Charlotte, NC 28208 $2,020,000 ($197.81/SF) 6.50% Cap Rate
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $2,020,000 | No. Stories | 1 |
| Price Per SF | $197.81 | Year Built | 2009 |
| Sale Type | Investment | Tenancy | Single |
| Cap Rate | 6.50% | Parking Ratio | 1.11/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 25’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 1.76 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 10,212 SF | ||
| Zoning | I1 | ||
| Price | $2,020,000 |
| Price Per SF | $197.81 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.76 AC |
| Rentable Building Area | 10,212 SF |
| No. Stories | 1 |
| Year Built | 2009 |
| Tenancy | Single |
| Parking Ratio | 1.11/1,000 SF |
| Clear Ceiling Height | 25’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | I1 |
AMENITIES
- Fenced Lot
- Signage
PROPERTY TAXES
| Parcel Number | 061-191-07 | Improvements Assessment | $856,800 |
| Land Assessment | $433,300 | Total Assessment | $1,290,100 |
PROPERTY TAXES
Parcel Number
061-191-07
Land Assessment
$433,300
Improvements Assessment
$856,800
Total Assessment
$1,290,100
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3421 Axar Rd
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