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124 John R Rice BlvdMurfreesboro, TN 37129

814-Unit Self Storage Facility, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Property Details for 124 John R Rice Blvd

Property type
Self storage facilities
Square Feet
99,624 SF
Lot Size (sq. ft)
117,612 SF
Units
814

Location Insight

City
Murfreesboro
County
Rutherford
State
Tennessee
Latitude
35.8488491
Longitude
-86.4394484
124 John R Rice Blvd, Murfreesboro, Tennessee

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124 John R Rice Blvd
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