Description

A strong value-add opportunity in north-central NC that combines self-storage and car wash income streams—a rare dual-use asset with operational upside. Self Storage & Car Wash Key Highlights: 164 storage units | 15,110 rentable SF 6 self-service bays, 2 automatic bays, 7 vacuum stations 2.06-acre site | 5 buildings High-visibility corridor with ~24,000 vehicles/day Offered at $2,200,000 Why this deal stands out: Dual income streams (storage + car wash) create diversified revenue Below-market rents + operational upside → clear value-add opportunity Professionally managed with systems already in place Located near Walmart, CVS, and major retail drivers Market Fundamentals: ~150,000 residents within a 5-mile radius ~42.5% renter population supporting storage demand Ongoing multifamily pipeline → continued demand growth Investment Thesis: This is a value-add storage asset paired with an established car wash operation, located in a growing Southeast market with strong traffic counts and dense residential demand. The combination of below-market rents, multiple income streams, and operational improvements creates a clear path to increasing NOI.