3508 Robinson Cir Charlotte, NC 28206-1928
- Warehouses
- 1,800 SF
- 2.77 lot acres
Jan 05, 2023
Current Use by Public Records
- Armstrong Auto Parts / Auto Parts Store
- Right Solution Truck Parking Lot / Parking Lot / Free Parking Lot
- D&J TRUCK REPAIR / Mechanic
- Armstrong Auto / Car Dealer
Property Details for 3508 Robinson Cir
- Year built
- 1977
- Lot size
- 2.77 lot acres
- Property size
- 1,800 SF
- Zone code
- I-2
- Property type
- Warehouses
- APN
- 8506118
- APU
- 8506118
Description
This exceptional 8.84-acre industrial property, located at 3508 Robinson Cir, Charlotte, NC 28206, presents a compelling investment opportunity. Currently 100% occupied under a net lease with a single tenant, the property boasts a substantial net operating income (NOI) of $418,400, yielding a 5.30% cap rate. A pro-forma NOI of $624,000 projects a 7.90% cap rate. The lease, commencing October 1, 2021, and expiring September 30, 2026, includes annual rent bumps of 2%. With 1.9 years remaining on the current lease, the tenant has expressed interest in extending. The property features recent improvements including new LED lighting, a video surveillance system, updated underground utilities, and a new fence with electric gates. Zoned ML-2, this property is ideally suited for outside storage or truck terminal use. The 1,800 square foot building sits on two adjacent parcels in a highly desirable location, minutes from uptown Charlotte and major highways. This offering represents a rare chance to acquire a well-maintained, high-performing industrial asset in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,415,000
- ML approach
- $6,580,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8107
- Latitude
- 35.2576
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
