Beach Road Storage
Self Storage | 6.00% CAP | 143 Units
Marketing description
Beach Road Storage, located at 4603 Long Beach Rd SE, Southport, NC 28461, is situated in one of the fastest-growing coastal markets in the southeastern United States. Southport, a charming coastal city in Brunswick County and part of the Wilmington MSA, continues to attract new households driven by its coastal lifestyle appeal, growing retiree population, and expanding employment in healthcare and public services. The five-mile trade area boasts an average household income of $112,792 and an annual population growth rate of approximately 5.1%, with population projected to climb from 24,320 to 25,694 by 2030.
The local market benefits from a significant residential pipeline, with 1,374 new housing units projected within three miles — providing a built-in demand catalyst for self-storage services. The median age of 64.4 years within five miles reflects a predominantly homeowner demographic with proven storage utilization patterns, including downsizing, seasonal storage, and recreational equipment storage. Combined with a supply-constrained environment of just 20.2 SF per capita within five miles, Beach Road Storage is well-positioned to achieve stabilized occupancy as lease-up progresses and the submarket continues to absorb new residents.
Investment highlights
- Cash-Flowing Self Storage Facility Comprised of 143 Non-Climate Units Totaling 13,082 Net Rentable Square Feet
- Opportunity to Increase Revenue Through the Completion of Lease Up and the Implementation of Existing Customer Rent Increases
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Opportunity to Increase Revenue Through Maximizing Fee Income and the Implementation of Tenant Insurance Sales
- Very Strong Average Household Income of $112,792 Within Five Miles of the Property
- Southport is a Coastal Town in Southeastern North Carolina and is Located Approximately 20 Miles South of Wilmington
- One of the Fastest Growing Metro Areas in the Country, the Wilmington MSA is Currently the 6th Largest in North Carolina and is Home to 467,337 Residents
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