2120 Monte Carlo Blvd - Monte Carlo Mini Storage 9,000 SF Specialty Building Offered at $1,950,000 at a 4.41% Cap Rate in Princeton, TX 75407

Join the momentum of Collin County with the exceptional investment opportunity to acquire Monte Carlo Mini Storage, located at 2120 Monte Carlo Boulevard in Princeton, Texas. Offering 85 storage units, currently 93% leased, and 70 parking stalls, currently 60% leased, this fantastic investment provides dependable in-place rental revenue alongside diversified growth potential.

Originally built in 1999 and fully renovated in 2018, Monte Carlo Mini Storage spans a total of ±6,000 square feet on a spacious 3-acre lot. The site includes ample excess land with premier frontage, providing an added upside to expand the facility or introduce a new retail development. The facility is fully fenced and gated with a keypad entry system, providing a secure, controlled environment that offers peace of mind for tenants. With low operating costs and strong demand from a growing population, this rare opportunity provides robust passive cash flow for savvy investments.

Monte Carlo Mini Storage enjoys prime placement just off US Highway 380, the main east-west artery of Princeton that is traveled by more than 27,000 vehicles each day, offering enhanced exposure for the business. Storage and retail ventures will benefit from strong cross-traffic from this bustling thoroughfare, thanks to a high concentration of nearby retail options, including Walmart Supercenter, Tractor Supply Co, Starbucks, Dutch Bros Coffee, Chipotle, Jersey Mike’s Subs, Wendy’s, Tropical Smoothie Café, and more.

Princeton and Collin County have experienced rapid population and economic growth in recent years, highlighting the area’s desirability. Monte Carlo Mini Storage is uniquely poised to capitalize on the area's growth with convenient proximity to many quality single-family communities. Within just 3 miles of the asset, the business enjoys a captive customer base of more than 62,000, which has increased by over 34% since 2020. Residents of the area have an average household income of more than $110,000, supporting local businesses with over $736 million in annual consumer spending.

With impressive existing income, prominent visibility, and lucrative growth opportunities through expansion and development, Monte Carlo Mini Storage delivers an unmatched investment opportunity in one of the fastest-growing markets in Texas.