Charlotte, North Carolina

Asking Price


Cap Rate



Fortune 100

Parent Company



Lease Extension



Rent Increases


Top U.S.

Growth Market




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  • Fortune 100 Parent Company | Charter Communications, Inc. (NASDAQ:CHTR) is the second-largest cable operator and 5th largest telephone provider in the United States serving more than 32 million customers in 41 states through its Spectrum brand. CHTR is ranked 79 on the Fortune 100 list for 2023 and generated $54 Billion in 2022 revenue.
  • Recent Lease Extension | The recent lease renewal and the Tenant’s plans to add additional improvements to the building signal strong ongoing commitment to the property. 
  • Annual Rent Increases | The lease includes an average 2.5% annual rent increase, providing a hedge against inflation and an increase in yield over time. The two remaining renewal options feature fair market value rent determinations, providing a potential mark-to-market opportunity if the market continues to experience strong rent growth for flex properties. 
  • Long-Term Tenant | The building was converted from an office/warehouse facility to a full HVAC flex facility with redundant call center approximately 10 years ago to accommodate Tenant’s needs.  
  • Top U.S. Growth Market | Charlotte is the nation’s 23rd largest metro area, with an estimated population of 2.76 million. Its economy ranks 21st for metro product, with a GMP of $207.9 billion. Charlotte’s population has grown by an average of 1.7% annually over the past 10 years. Charlotte houses the corporate headquarters for Fortune 100 companies Bank of America (#32) and Lowe’s Companies (#39). Additional HQ operations include Honeywell International and Duke Energy.
  • New Roof | Roof replacement underway with two year installation warranty and a twenty year manufacturer’s warranty, both transferable.
  • Growing Industry | The U.S. Federal government has continued to increase funding for high-speed internet access to rural areas, including areas of North Carolina, a large footprint for Charter.
  • Master-Planned Community | The Whitehall/Ayrsley area is a high-growth area of the city, with established and emerging neighborhoods and a diverse mix of office, retail and industrial employment.

Exclusively Listed By

Chris Adams

Vice President      972.616.4720
TX Lic. #619855

Josh Adams

Associate      972.619.9865
TX Lic. #792874

In Association With
Jeff Hughes, SIOR
SVP & Managing Director
NC License #101282


8300 Douglas Ave, Suite 650
Dallas, TX 75225