2026 Chapel Hill RdBurlington, NC 27215

For Sale
Call for price

High-growth market, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional self-storage facility in Burlington, NC presents a compelling value-add investment opportunity. Located at 2026 Chapel Hill Rd, this property boasts 73,746 net rentable square feet across 607 units within eight single-story buildings on a 4.2-acre lot (APN 132552). Constructed in 2004, the facility benefits from its prime location on a major city artery, adjacent to Alamance Community College and the LabCorp Corporate Office. Surrounding the property are retail sites, single-family homes, and the Amberly Trace Apartments, indicating a strong and growing residential base. Alamance County, one of North Carolina's fastest-growing counties, is experiencing significant population growth projected to nearly double the national rate. The area demonstrates robust income levels, with a 5-mile average household income of $64,921 and 42,534 households within a 5-mile radius. Significant upside potential exists through increasing rental rates to match the local market average; for example, a 10x10 drive-up unit currently rents for $80/month, while the market average is $173/month. Further revenue enhancement opportunities include implementing a tenant insurance program and exploring additional supplemental income streams. This property offers investors a chance to capitalize on a thriving market and a strong value-add strategy in a rapidly expanding area.

Highlights

  • Value-add self-storage opportunity with significant upside potential through rental rate increases.
  • Potential to increase revenue through tenant insurance programs and other supplemental income streams.
  • Current street rate for a 10x10 drive-up unit is $80/month, while the local market average is $173/month.
  • Excellent location on a major thoroughfare in Burlington, NC, near Alamance Community College and LabCorp.

Property Details for 2026 Chapel Hill Rd

Property type
Self storage facilities, Industrial properties
Year Built
2004
Buildings
8
Stories
1
Lot Size (sq. ft)
182,952 SF
Units
607

Location Insight

City
Burlington
County
Alamance
State
North Carolina
Latitude
36.068861384817
Longitude
-79.432595977577
2026 Chapel Hill Rd, Burlington, North Carolina

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2026 Chapel Hill Rd
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