3401 FM 720
Little Elm, TX 75068
Texas XL Storage · Land For Sale · 5.26 AC

Texas XL Storage is a class A+, large-format storage facility located in Little Elm, Texas. Little Elm falls within the rapidly growing northern portion of the Dallas – Fort
Worth Metroplex between Denton and Frisco.
The property was developed in 2022 and has experienced strong, consistent demand and rent growth since opening.
The owners have diligently managed the property to maintain high occupancy and have yet to find the ceiling on rental rates.
Texas XL Storage consists of 137 non-climate units encompassing 84,452 NRSF. The average unit size is 616 NRSF. Current physical occupancy is 100% and includes
a healthy mix of tenant types, including boat/RV, classic/ luxury cars, residential, and business tenants.
The property is well located, being only 1.3 miles from Lake Lewisville. The US-380 corridor, a hotspot of growth in the DFW Metroplex, is 1.8 miles away. The property
is also within 5 miles of numerous major retailers and large-scale housing developments bringing thousands of new homes and residents to the area. Little Elm has
been one of the fastest growing cities in the United States in recent years, consistently achieving an annual growth rate of +/- 8%. Oak Point, the suburb immediately
adjacent to the property, is ranked as one of the top 20 suburbs in the Dallas area and is experiencing significant residential growth as well. A 5-mile radius around the
property includes a population of 130,696 with an average household income of $152,073.
Construction highlights include concrete drives, metal and steel construction, a full sprinkler system, Noke smart locks, exterior lighting, perimeter fencing, and
ample security features. The current owners maintain the property in excellent condition, giving a new owner a turn-key opportunity.
Texas XL Storage is a best-in-class, high-performance facility with plenty of remaining upside potential. Please contact Versal for pricing guidance.