5 Property Portfolio
$5,375,000
7618 Grier Road Charlotte, NC 28213
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About this listing
DESCRIPTION
This five‑property industrial portfolio offers a rare opportunity to acquire a collection of well‑positioned, infill assets across Charlotte’s high‑demand Northeast and University City industrial corridors. Located along Grier Road, Orr Road, and Harris Technology Boulevard, the properties provide exceptional access to I‑85, I‑485, US‑29, and Uptown Charlotte, making them ideal for distribution, service‑industrial, fabrication, general warehousing and storage, and other industrial uses.
Zoned light to heavy industrial, the assets support a broad range of operational needs, including logistics, fleet operations, contractor services, and equipment storage. Several sites offer significant industrial outdoor storage (IOS) capacity with truck and tractor‑trailer parking, laydown areas, and secure, fully fenced lots. Buildings are well‑maintained with functional layouts that appeal to small‑bay and mid‑bay industrial tenants—an increasingly constrained segment of the Charlotte market.
The portfolio features a stable and reliable tenant mix, highlighted by three tenants with more than 12 years of continuous occupancy and two tenants with over 5 years of tenure. This long‑term retention underscores the portfolio’s strong operational utility, desirable locations, and the durability of demand for IOS‑capable infill industrial space. Staggered lease terms provide both immediate income stability and meaningful mark‑to‑market upside as below‑market rents roll.
Situated within established industrial parks and surrounded by a deep labor pool, these assets benefit from long‑term demand drivers, limited competing supply, and strong connectivity to Charlotte’s expanding logistics and service‑industrial ecosystem. Collectively, the portfolio offers investors scalable industrial income, strategic land positions, and exposure to one of the Southeast’s most resilient industrial markets.
HIGHLIGHTS
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· 26,348.3 Total Square Feet
· 5.07 total acres
· ML-1 and ML-2 Zoning (Charlotte City Zoning)
· Staggered lease terms with stable tenants
· Total NOI - $262,928.63
· Value Add Opportunity with High IOS Potential
· Two well-established long-term NYSE companies in place. Additional 3 tenants are well established in the community.
· Parcel IDs: 09702821, 09702822, 09701103, 09701139, 03725809
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Building Size
26,348 sqft
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Lot Area
5.07 acres
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Zoning
ML-1 ML-2
Details
- • Lot Size: 5-10 Acres
