This stabilized self-storage facility, located at 124 John R Rice Blvd, Murfreesboro, TN 37129, boasts 99,624 square feet of rentable space across 814 units. Currently operating at 82.9% occupancy (as of August 31, 2024), this property sits on a 2.7-acre lot within the Nashville MSA. The facility's strategic location near residential areas, businesses, and major highways ensures consistent demand. A diverse range of unit sizes caters to individual, family, and business needs, further enhanced by climate-controlled options. Modern amenities include well-lit premises, keypad entry, 24-hour video surveillance, delivery acceptance, free moving carts, and a business center featuring a conference room, work stations, coffee bar, and Wi-Fi. The strong market demand is fueled by Murfreesboro's population growth and economic development, with 3,539 future residential units planned within a 5-mile radius. The average household income within a 5-mile radius is $98,945, indicating a strong potential customer base. This combination of prime location, diverse offerings, modern amenities, and robust security measures positions this property for consistent returns and long-term value. The property offers a compelling investment opportunity due to the growing need for storage solutions in this rapidly expanding market.
Highlights
Prime location in rapidly growing Murfreesboro, TN, within the Nashville MSA, near residential areas and major highways, with 3,539 future residential units planned within a 5-mile radius.
High occupancy rate (82.9% as of August 31, 2024) driven by Murfreesboro's population and economic growth.
Excellent investment opportunity offering consistent returns and long-term value due to high demand for storage solutions in this expanding market.
Strong potential customer base with an average household income of $98,945 within a 5-mile radius.
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Nick Walker
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124 John R Rice Blvd, Murfreesboro, Tennessee, 37129
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124 John R Rice Blvd
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