Charlotte Distribution Center

Charlotte, NC

Acquired June 2014

At a Glance

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Leased to Michelin North America through 2028 with 2.25% annual rent increases.

Investment Rationale

  • 347,000-square foot distribution building with modern construction elements located in the northwest submarket of Charlotte, NC.

  • The location of the facility provides immediate access to several U.S. interstates and is in close proximity to Charlotte’s extensive transportation network, including Norfolk Southern Charlotte Regional Intermodal Facility and Douglas International Airport.

  • The property is strategically located between Michelin’s manufacturing facility and its North America headquarters.

  • Michelin North America occupies 100% of the building on a long-term lease with annual rent increases.

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