406 E Hamlet Ave - Specialty FOR SALE


Hamlet, NC 28345
$1,650,000 USD
215-531-7088
406 E Hamlet Ave, Hamlet, NC for Sale
$1,650,000 USD
Specialty - FOR SALE
1/7
null | 8% Cap Rate

406 E Hamlet Ave
Hamlet, NC 28345


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TRG Mini Storage & Carwash- Seller Financing

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

749117-22-4328

ASK ABOUT THIS PROPERTY

Andreas MakrisMarcus & MillichapMore Info
215-531-7088

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Andreas MakrisMarcus & MillichapMore Info
215-531-7088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.