Investment Overview

Marcus and Millichap is honored to present for sale Simply Store in Wright City, Missouri. Simply Store offers 335 non-climate-controlled units, 43 climate-controlled units and 179 parking spaces for a total of 557 units within 56,050 net rentable square feet over approximately 10 acres. Amenities include 20 HIKVision brand security cameras, Digigate Gate, Trachte doors, perimeter chain fencing and controlled access entry. Simply Store incorporates Easy Storage Solutions management software. As of July 2024, Simply Store was 46 percent physically occupied. Simply Store enjoys growing population with over 14,998 people living within five miles and 78,471 within ten miles. The population in this area has increased 34 percent since 2010 as is expected to increase 8 percent within the next five years. The median household income is $80,430 compared to US average at $68,480 and median household income has increased 36 percent since 2010. Known for its Gateway Arch, the St. Louis Metro is situated near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and it has nearly 2.8 million residents. Located on US Interstate 70, Wright City, Missouri is a growing suburb on the west side of the St. Louis metro. Major employers in Wright City include Dierbergs, the Veteran’s Association and Home Depot. Future economic strength in Wright City includes the completion of American Food Group’s $800 Million 775,000 square foot meat packing plant which is set to open early 2025 and bring approximately 1,300 jobs to the area and generate $1 Billion in revenue to the state. Simply Store is currently managed remotely and is owner-operated. This opportunity offers an investor continued growth through steady rent increases of the existing facility and physical value-add through the expansion of the vacant land.