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Self-Storage Facility

Lunker Boat + RV Storage

5638 Co Rd 547, Nevada, TX 75173

Listing Price: $1,400,000

Cap Rate
6.89%
Number of Units
170
Occupancy
9.0%
Rentable SF
98,003
Price/Rentable SF
$14.29
Year Built
2024

Investment Overview

Lunker Boat + RV Storage is a 170-unit storage facility resting on approximately 5.0 acres in Nevada, Texas (Dallas MSA). The property was constructed by a father / daughter partnership in the summer of 2024, and is currently in lease-up. The unit mix comprises 169 uncovered parking spaces ranging from 468 square-feet to 715 square-feet, and one fully enclosed parking unit. Property amenities include personalized key-pad gated entry, eight -foot perimeter fencing and lighting, and 24-hour video surveillance cameras.

The facility is located just a stone’s throw away from Lake Lavon. Located only 15 miles northeast of Dallas, and featuring more than 1,100 acres of surface area, Lake Lavon’s hiking / biking trails, fishing holes, private boat docks, public boat ramps, and campgrounds attract a wide variety of outdoor enthusiasts throughout the year. This, along with the trade area’s attractive demographic profile, suggest a new owner will be able to lease the remaining unoccupied units fairly quickly. To be sure, the average household income within a one, three, and five-mile radius exceeds $115,000 annually, the population has more than doubled since 2010, and it is expected to grow an additional 26 percent within the next five years.

Offered for $1,400,000, Lunker RV + Boat Storage is great value-add opportunity that can be remotely managed. In fact, utilizing the facility’s best-in-class security features, the current owners have been successfully operating the facility at a day-to-day level, despite living more than 1.5 hours away.

Investment Highlights

  • Approximately 0.67-Miles from Lake Lavon
  • Average Household Income Exceeds $115,000 in Submarket
  • Population Growth in Submarket has Doubled since 2010
  • Ability to Manage Facility Remote

Exclusively Listed By

Financing By

Self-Storage Facility

Lunker Boat + RV Storage

Listing Price: $1,400,000

Cap Rate
6.89%
Number of Units
170
Occupancy
9.0%
Rentable SF
98,003
Price/Rentable SF
$14.29
Year Built
2024

Investment Highlights

  • Approximately 0.67-Miles from Lake Lavon
  • Average Household Income Exceeds $115,000 in Submarket
  • Population Growth in Submarket has Doubled since 2010
  • Ability to Manage Facility Remote

Investment Overview

Lunker Boat + RV Storage is a 170-unit storage facility resting on approximately 5.0 acres in Nevada, Texas (Dallas MSA). The property was constructed by a father / daughter partnership in the summer of 2024, and is currently in lease-up. The unit mix comprises 169 uncovered parking spaces ranging from 468 square-feet to 715 square-feet, and one fully enclosed parking unit. Property amenities include personalized key-pad gated entry, eight -foot perimeter fencing and lighting, and 24-hour video surveillance cameras. The facility is located just a stone’s throw away from Lake Lavon. Located only 15 miles northeast of Dallas, and featuring more than 1,100 acres of surface area, Lake Lavon’s hiking / biking trails, fishing holes, private boat docks, public boat ramps, and campgrounds attract a wide variety of outdoor enthusiasts throughout the year. This, along with the trade area’s attractive demographic profile, suggest a new owner will be able to lease the remaining unoccupied units fairly quickly. To be sure, the average household income within a one, three, and five-mile radius exceeds $115,000 annually, the population has more than doubled since 2010, and it is expected to grow an additional 26 percent within the next five years. Offered for $1,400,000, Lunker RV + Boat Storage is great value-add opportunity that can be remotely managed. In fact, utilizing the facility’s best-in-class security features, the current owners have been successfully operating the facility at a day-to-day level, despite living more than 1.5 hours away.

Exclusively Listed By

Financing By

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