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Hwy 56 S. Mini-Storage & U-Haul
1229 South Congress Blvd, Smithville, TN 37166
Last Verified 9/15/2009
Listing ID 15706236
Highlights
Hwy 56 S. Mini-Storage & U-Haul For Sale- 8.42% Cap Rate - $32.17/sf
- Expansion opportunities for climate controlled and boat & RV storage
- 60,608 SF - 3 Locations
- Largest facility in Smithville
- Located near Nashville & Murfressboro, TN
Description
**Owner Agent** See attached for full description.
Executive Summary. Hwy 56 S. Mini-Storage & U-Haul (Hwy 56 Storage) is a 60,608 storage facility located in Smithville, TN. There are three separate locations. Hwy 56 Storage is the largest and most dominate facility in Smithville. The facility was first open in about 1985 with a couple of building and grew with more buildings over the next 15 years. The facility has had very stable occupancy and averages in the range of 80-85%. Two of the facilities are located on Hwy 56 which is the main north and south artery into town which carries about 8,000+ cars a day. McMinnville is located due south. Hwy 56 allows for great visibility and marketing opportunities. The U-Haul operation is believed to be the largest in Smithville. Smithville is about 45 miles from east of Nashville. Many residents of Nashville have second homes located on and around Center Hill Lake which is just north east of downtown.
Description. Hwy 56 Storage has 3 locations in Smithville with two on Hwy 56 just south of the intersection of Hwy 56 & 70, the center of town. The facilities are compromised of 15 buildings that total 60,608 sf on 5.6 acres.
Smithville is located in Dekalb County in middle Tennessee. It is about 30 miles east of Murfreesboro and 45 miles east of Nashville. Chattanooga is about 90 miles south east. Murfreesboro is one of the fasted growing cities in America and has averaged over 6% growth per year since year 2000. The Nashville MSA ranks 4th in the nation economic strength.
Demographics. The ten mile radius has a population of over 18,000 with the majority of the work force being employed in construction and manufacturing jobs. The median household income is over $40,000 and is projected to grow over 2.5% per year for the next 5 years.
Map of 1229 South Congress Blvd, Smithville, TN 37166 (Dekalb County)
Created 5/10/2008
Additional Information for 1229 S Congress Boulevard, Smithville, TN 37166
- Active For Sale - 0 Listing
- Active For Lease - 0 Listing
- Previously Listed - 2 Historic Listings
- Sales Comparables Available - 0 RecentSales Record
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.