Self-Storage Facility
Sto' N' Go Storage
509 N Shady Shores Rd, Lake Dallas, TX 75065
Listing Price: $485,000
Investment Overview
Sto’ N’ Go Storage is a 6,880 net rentable-square foot storage facility located in Lake Dallas, Texas. The property sits on approximately 0.4 acres of land and consists of four single-story buildings that house 48 units. The property was constructed by the current owners in 1997 and has been owner-operated ever since. Amenities include concrete pavement, perimeter fencing, manager’s office, and gated entry.
Sto’ N’ Go benefits from its strategic location near the intersection of North Shady Shores Road and Swisher Road, which receives over 24,000 vehicles per day. Furthermore, the bridge over Lewisville Lake (0.50 miles away) connects Swisher Road to Eldorado Parkway, allowing easy access from Interstate-35 East to the Dallas North Tollway. The facility’s desirable location has resulted in historically high physical occupancies in the mid 90 percent range, and several local developments suggest a new owner will be able to systematically increase rental rates for both new and existing tenants while maintain said occupancies. For example, Lakeway at Swisher – a 22.95-acre master-planned development including a hard-cornered 7/11, retail shopping center, and 340-unit class-A apartment complex – is poised to break ground directly across the street from the storage facility. Additionally, a new hotel and retail development at the Champ D’Or estate is underway approximately 1.52 miles away, further legitimizing the current growth trajectory present in the submarket.
The day-to-day management duties at Sto’ N’ Go are still handled by the original developers, a husband and wife duo looking to retire. While the property has consistently maintained occupancy levels above 95 percent, the owners have been lax with rate increases on existing tenants and occupy two units themselves. Additionally, the storage facility has considerable below-market rental rates in a densely populated area and compared to sites within a five-mile radius. Sto’ N’ Go offers investors a stabilized asset in a growing market, while offering value-add opportunities. By utilizing a more sophisticated management approach to increase revenue to market standards, an investor could achieve unleveraged returns approaching 10 percent during a relatively short hold period.
Investment Highlights
- Concrete Pavement, Fencing, Gated Entry
- On-Site Managers Office that could be Converted to a 10x10 Unit
- Lakeway adding a 340-unit Class-A Apartment & a Retail Development Across The Street
- Rental Rates 75 Percent Below Market Average
Listing Price: $485,000
Investment Highlights
- Concrete Pavement, Fencing, Gated Entry
- On-Site Managers Office that could be Converted to a 10x10 Unit
- Lakeway adding a 340-unit Class-A Apartment & a Retail Development Across The Street
- Rental Rates 75 Percent Below Market Average
Investment Overview
Sto’ N’ Go Storage is a 6,880 net rentable-square foot storage facility located in Lake Dallas, Texas. The property sits on approximately 0.4 acres of land and consists of four single-story buildings that house 48 units. The property was constructed by the current owners in 1997 and has been owner-operated ever since. Amenities include concrete pavement, perimeter fencing, manager’s office, and gated entry. Sto’ N’ Go benefits from its strategic location near the intersection of North Shady Shores Road and Swisher Road, which receives over 24,000 vehicles per day. Furthermore, the bridge over Lewisville Lake (0.50 miles away) connects Swisher Road to Eldorado Parkway, allowing easy access from Interstate-35 East to the Dallas North Tollway. The facility’s desirable location has resulted in historically high physical occupancies in the mid 90 percent range, and several local developments suggest a new owner will be able to systematically increase rental rates for both new and existing tenants while maintain said occupancies. For example, Lakeway at Swisher – a 22.95-acre master-planned development including a hard-cornered 7/11, retail shopping center, and 340-unit class-A apartment complex – is poised to break ground directly across the street from the storage facility. Additionally, a new hotel and retail development at the Champ D’Or estate is underway approximately 1.52 miles away, further legitimizing the current growth trajectory present in the submarket. The day-to-day management duties at Sto’ N’ Go are still handled by the original developers, a husband and wife duo looking to retire. While the property has consistently maintained occupancy levels above 95 percent, the owners have been lax with rate increases on existing tenants and occupy two units themselves. Additionally, the storage facility has considerable below-market rental rates in a densely populated area and compared to sites within a five-mile radius. Sto’ N’ Go offers investors a stabilized asset in a growing market, while offering value-add opportunities. By utilizing a more sophisticated management approach to increase revenue to market standards, an investor could achieve unleveraged returns approaching 10 percent during a relatively short hold period.

