Grandstone Investment Sales is pleased to exclusively present Race Town Storage, a modern, recently constructed self-storage facility located in Wilkesboro, North Carolina. Positioned directly on U.S. Highway 421, the property benefits from high visibility with over 13,500 vehicles per day and is situated on 2.55 acres in a growing, supply-constrained market.
The facility includes 114 climate-controlled units and 81 drive-up units, totaling 25,050 net rentable square feet across four buildings. Construction was completed in April 2023, with an additional 22 units (5,300 SF) delivered in January 2025, bringing the total building area to 28,250 SF. As of June 2025, physical occupancy stands at 71%, with a historical high of 90% reached in August 2024.
Designed for operational efficiency, Race Town Storage is fully remotely managed using SiteLink software, programmable DaVinci locks, online leasing, and automated customer communications. Security features include full-perimeter fencing, HD CCTV surveillance, LED lighting, and automatic gates, creating a secure and convenient experience. A highway-facing monument sign and low-maintenance layout enhance curb appeal and brand visibility.
Wilkesboro’s economy is supported by major employers, including Tyson Foods, Wake Forest Baptist Health, and Lowe’s, as well as a growing base in manufacturing and IT. The town is home to Wilkes Community College and hosts MerleFest, a nationally recognized music festival drawing over 75,000 visitors annually and generates millions in local economic activity.
INVESTMENT
HIGHLIGHTS
PRICING & VALUATION
• Price: tbd by market
• Recent appraisal (mar 2023): $3.27m (pre-expansion)
• NRSF: 25,050 sf: 5,300 sf expansion recently completed in Jan 2025
PROPERTY OVERVIEW
• Net rentable square feet: 25,050 sf
• Total building area: 28,250 sf
• Unit count: 195 total units (114 climate-controlled / 81 drive-up)
• Parcel size: 2.55 Acres
OCCUPANCY & PERFORMANCE
• Current physical occupancy: 71% (as of June 2025)
• Rent roll (June 2025): $16,240/month
• Pro forma at 95% occupancy: $22,615/month including fees and insurance
• Historical high occupancy: 90% (august 2024)
MARKET & LOCATION HIGHLIGHTS
• High-visibility location on us HWY 421 (13,500+ vpd)
• Supply-constrained market with no immediate new competition
• Tourism & event-driven traffic from Merlefest, outdoor rec, and local festivals
• Strong local employers including Tyson Foods, Lowe’s, and Wake Forest Baptist
MANAGEMENT & OPERATIONAL UPSIDE
• Fully remote managed with sitelink software, smart locks, and online leasing
• Low-touch operations: minimal maintenance and operating Expenses
• Future upside: add value through lease-up, rate increases, & operational efficiencies.
Bang Realty- North Carolina Inc | Bor@bangrealty.com | License: 298998
