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28019421
28019422

406 E Hamlet Ave, Hamlet, NC 28345

AM
PA PARS366906
Marcus & Millichap - Philadelphia
KB
PA rs330007
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$1,575,000
231 days on market
Updated 2 days ago
Opportunity zone

TRG Mini Storage & Carwash

Details
Property Type Mixed Use, Self Storage
Sub Type self storage
Square Footage 14,500
Net Rentable (SqFt) 14,500
Cap Rate 8.38%
NOI $132,039
Occupancy 93%
Price per SqFt $109
Class C
Year Built 1997
Acreage 2.280
Investment Type Owner/User
Occupancy Date 09/09/2025
Ground Lease No
Sale Condition N/A

** Seller Financing Available **

Marketing description

Marcus & Millichap is pleased to present for sale TRG Mini Storage & Carwash, a well-positioned self-storage and ancillary services property located at 406 E. Hamlet Avenue, Hamlet, NC. Situated on a highly visible corner lot in the center of town, this investment offering consists of 14,450 net rentable square feet across 143 non-climate-controlled units and 15 parking spaces.

The facility is currently operating at 90.37% physical occupancy, producing a 8.00% current capitalization rate, with demonstrated strong demand for self-storage in the 3-, 5-, and 10-mile trade areas. The 2.28-acre site also includes complementary income streams from a 4-bay self-serve car wash, a two-car garage with office, and an on-site apartment.

This property is strategically located in the Hamlet–Rockingham submarket, which is poised for significant economic growth. On June 4, 2025, Amazon announced plans to invest at least $10 billion to develop a new Amazon Web Services (AWS) data center campus in Richmond County, just east of Charlotte. The project, which is currently in the planning and development phase, is expected to add 500 jobs over the next five years and catalyze substantial infrastructure and housing demand throughout the region.

With its strong in-place occupancy, diversified revenue components, and exceptional location in a rapidly expanding market, TRG Mini Storage & Carwash is uniquely positioned to deliver both immediate cash flow and long-term upside for a new owner.

Investment highlights

  • 143 Drive-up units plus 15 parking spaces
  • Current Cap Rate - 8%
  • Seller Financing Available
  • 2.28-acre corner property that includes a 4 Bay Self-Service Carwash, 1 apartment (1bedroom) and 2 car garage / contractor unit
  • $10 billion project by Amazon to build a new data center campus in the Hamlet-Rockingham area (Planning / Development Phase).

Listing Contacts

AM
PA PARS366906
Marcus & Millichap - Philadelphia
KB
PA rs330007
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,039.00
$11,003.25/mo

Valuation Metrics

0
DSCR
8.38%
Cap Rate
8.38%
ROI

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Additional Information

Name
Andreas Makris
License
RS366906
Brokerage
Marcus & Millichap
Title
Broker of Record
Brokerage Address
2005 Market Street, Philadelphia Pa 19103
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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