Self Storage
CubeSmart Self Storage(Managed)
Executive Summary
Austin McLeod with Matthews™ has been exclusively hired to market for sale a recently built, Class A self-storage facility totaling ±64,332 rentable square feet across 499 units (154 climate-controlled and 345 non-climate), opened in September 2024 and third-party managed as “CubeSmart” in Belmont, North Carolina. The property sits within 10 miles of downtown Charlotte, yet maintains a very favorable 4.46 square feet of self-storage per person within a 3-mile radius, with zero new self-storage developments planned in that radius according to TractIQ.
The site also includes a rough-graded pad on which a new split-level all-climate controlled building can be constructed, totaling 17,600 rentable SF based on the original plans drafted. The trade area demonstrates exceptional demographics, with average household income within a 1-mile radius at $154k and median household income at $116k, while the 3-mile average and median household incomes are $130k and $107k, respectively. Population is projected to grow at 1.70% annually in the 1-mile radius and 1.60% annually in the 3-mile radius for the next five years.
An additional 8,846 residential units totaling over $5.3 billion in estimated value are in the development pipeline within a 5-mile radius. The property is strategically located off South Point Road and lies only five miles across the Catawba River from Charlotte Douglas International Airport. The Charlotte MSA, now approaching 2.9 million residents, ranked among the nation’s top five metros for numeric population growth in 2025, adding over 54,000 people in a single year and more than 278,700 since 2020.
This opportunity is being offered on a market bid, call-for-offers basis. The Call for Offers date is set for Thursday, May 14, 2026. Please contact Austin McLeod to discuss pricing guidance and gain access to the deal room.
Investment Highlights
Rough graded pad on-site approved for a 17,600 net rentable square foot bi-level all-climate building
Only 4.46 Square Feet Per Capita in a 3-mile radius
Average household incomes in a 1-mile are $154k, median household incomes are $116k, while 3-mile average incomes are $130k and median are $107k
Population growth projected annually at 1.70% in a 1-mile and 1.60% in a 3-mile for the next 5 years
Attractive basis for recently constructed product
8,846 Residential Units in the development pipeline within a 5-mile radius totaling over $5.3 Billion in total value (according to TractIQ)
Zero new self-storage developments showing within a 3-mile radius on TractIQ
Located in close proximity to Duke Energy's Allen Steam Station redevelopment – a recently completed $100 Million project, as well as Belmont Abbey College and CaroMont Health, one of Gaston County's largest employers with over 4,300 employees system-wide
Demographics
(3 Mile Radius)
1-Mile Avg HH Income
1-Mile Median HH Income
3-Mile Avg HH Income
3-Mile Median HH Income
1-Mile Pop. Growth (5 Yr)
3-Mile Pop. Growth (5 Yr)
Belmont, NC
Belmont sits along the Catawba River just southwest of Charlotte, blending small-town charm with one of the region’s fastest-growing suburban development corridors. Affluent nearby households, significant residential pipeline activity, and immediate access to Charlotte’s economic base make the market a compelling long-term demand driver for self-storage.
Location & Access
- Within 10 miles of downtown Charlotte and about 5 miles from Charlotte Douglas International Airport.
- Strategically positioned off South Point Road with access to the I-485 and Highway 74 growth corridor.
- Near Belmont’s revitalized downtown, the Catawba River shoreline, and Lake Wylie communities.
Economic Drivers
- Charlotte is the second-largest banking center in the United States and one of the nation’s fastest-growing metros.
- Major regional employers and logistics infrastructure continue to expand throughout the western Charlotte submarkets.
- The airport and surrounding industrial ecosystem support sustained population and employment growth.
Development Pipeline
- 8,846 residential units totaling more than $5.3 billion in estimated value are planned within five miles.
- No new self-storage developments are currently planned within the three-mile trade area.
- Population and household formation trends support long-term storage demand growth.
Investment Context
- The property serves an affluent and fast-growing suburban pocket within the broader Charlotte MSA.
- Strong incomes and limited planned supply position the asset well for lease-up and expansion.
- The Belmont location captures both local residential density and spillover demand from west Charlotte.
Self Storage
CubeSmart Self Storage (Managed)
Exclusively Listed By
Austin McLeod
Senior Vice President · Director | Self-Storage
License No. 394903 (GA)
Broker of Record
Gerard Hamas
License No. 362768 (NC) · Firm No. C42113 (NC)