5296 Highway 41A 6,730 SF Specialty Building Offered at $1,200,000 at a 6% Cap Rate in Joelton, TN 37080

New Hope Self Storage is a well-maintained, income-producing self-storage and outdoor parking facility located at 5296 Highway 41A (Clarksville Highway) in Joelton, Tennessee, just north of Nashville along the Highway 41A corridor. The property offers a rare opportunity to acquire a stabilized, low-maintenance storage asset at a 6.0% cap rate on forward NOI, with a straightforward path to increased income through lease-up of current vacancy and modest expansion.
The facility combines interior drive-up storage units with outdoor uncovered parking for RVs, boats, and vehicles — a flexible mix that has proven durable demand from the surrounding Joelton, Whites Creek, Pleasant View, Ashland City, Ridgetop, Goodlettsville, and Coopertown communities.
INVESTMENT HIGHLIGHTS
? Attractive 6.0% cap rate on $1,200,000 asking price against $72,000 in projected annual NOI
? Excellent first-time or entry-level real estate investment — simple asset class, minimal capital expenditure, and low day-to-day management burden
? Very low-touch operation: fully remote-capable management via integrated technology stack
? 74 total rentable storage units and parking spaces with only 7 current vacancies — near-stabilized occupancy with immediate upside
? Site plan allows for two additional units to be added, providing organic upside without acquiring adjacent land
? Modern operating infrastructure: full security camera system, StorEdge property management/operating software, and an automated gate access system enabling complete remote operations
? Fully fenced and gated site with controlled access hours (7 AM – 9 PM, 365 days/year) supports strong security and tenant satisfaction
? Seller will require the ability to structure the transaction as part of a 1031 tax-deferred exchange