Marcus & Millichap is pleased to present the opportunity to acquire Mt. Pleasant Self Storage, a fully stabilized and income-producing self-storage facility located at 8946 NC-73 in the growing, vibrant, quaint, and historic Town of Mount Pleasant submarket of North Carolina. Positioned just 35 minutes outside the Charlotte metro area, the property enjoys excellent visibility and access along a high-traffic corridor, with no direct self-storage competition within a 3- to 5-mile radius. This asset offers both strong in-place cash flow and significant long-term growth potential in a market supported by continued suburban expansion, residential development, and favorable demographic trends.
The facility comprises 18,530 net rentable square feet across 168 non-climate-controlled drive-up storage units and a ±2,000 square foot retail suite that is in "like new" condition. Situated on a 2.38-acre parcel, the property also includes an on-site office and is fully fenced for security. Currently operating at 100 percent physical occupancy, Mt. Pleasant Self-Storage generates a 7.71 percent capitalization rate based on existing income. The facility utilizes Easy Storage Solutions software, providing operational efficiency with minimal overhead. This setup presents a turnkey opportunity for passive investors or owner-operators seeking a low-touch asset in a captive trade area.
Strategically located on NC-73, a major thoroughfare through Mount Pleasant, the facility benefits from strong daily traffic counts and prominent street visibility. The property’s high exposure and road frontage directly contribute to leasing demand and tenant retention. Its proximity to the Charlotte MSA positions it to benefit from regional economic expansion and ongoing population inflow, particularly as residential growth pushes outward from the urban core into surrounding communities like Mount Pleasant.
The trade area is experiencing robust demographic growth, with over 85,000 residents within a 10-mile radius and no competing storage properties within 3 to 5 miles of the site. The facility’s dominant position in the market is further supported by multiple large-scale residential developments underway nearby. These include Brighton Parkway by Niblock Homes with 178 new homes, the Green Acres Subdivision with 37 approved lots, 60 lots under construction on Walker Road, and 15 additional lots planned on North Main Street. As these projects come online, demand for storage is expected to increase significantly, particularly for transitional storage needs associated with household moves and overflow.
In summary, Mt. Pleasant Self-Storage represents a rare opportunity to acquire a well-located, fully stabilized storage facility in a high-barrier-to-entry submarket. With strong fundamentals, zero direct competition, and substantial nearby housing growth, this asset offers both immediate cash flow and long-term appreciation potential.