Lock and Go Storage
Stabilized Self Storage Property - New Rates June 1 Still Below Market - Expansion Opportunity
Marketing description
Located in the high-growth Hickory, NC market, Lock & Go Self Storage sits on approximately 2.64 acres and has room for expansion (buyer to verify). The facility features 71 standard drive-up storage units with a total of 13,200 rentable square feet, offering convenient and secure storage solutions for personal and commercial use. Physical occupancy as of 4-14-26 was 95.8 percent.
In addition to the storage units, the property includes an area that is currently leased by an auto sales company, providing supplemental income. This creates the potential to either convert the lot to additional storage or expand in the area previously approved for another building. Key amenities such as security cameras, online rentals and bill pay provide added convenience for tenants and support efficient management operations.
**Hickory, NC Area:**
Hickory, NC is emerging as a high-growth economic hub, fueled by transformative industrial investment, skilled workforce expansion, and proactive public-private partnerships. Flagship projects like Corning’s advanced manufacturing expansion at Trivium Corporate Center are injecting hundreds of millions of dollars into the local economy while creating high-quality jobs, and new employers such as Steel Warehouse Company are reinforcing Hickory’s position as a competitive manufacturing and logistics destination. It's proximity to Charlotte and with state and local incentives, infrastructure improvements, and building-reuse initiatives, the market continues to attract new businesses while supporting parallel growth in housing, hospitality, and mixed-use development—positioning Hickory as a compelling location for long-term investment and economic diversification.
Investment highlights
Investment Highlights
- Stabilized Occupancy at Lock & Go - Includes New Building Built in 2022
- High Growth Area
- Limited Competition Within Five Miles, Only 3.43 SF Per Capita,
- per StorTrack (4/14/26).
- Rate Increases Effective June 1, 2026. Tenants have been notified.
Value-Add Potential
- Potential to Increase Rental Rates to Current Market Rates
- Site Previously Approved for Two New Buildings - One Built in 2022. Expansion Opportunity (Buyer to verify)
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