Self-Storage Facility
Top Storage, Clarksville - Dunbar Cave
122 Dunbar Cave Rd, Clarksville, TN 37043
Listing Price: $4,250,000
Investment Overview
Top Storage - Dunbar is a 38,225 rentable square foot self-storage facility in Clarksville, Tennessee, a high-growth Middle Tennessee market. The property benefits from its location near Dunbar Cave Road, a strong climate-controlled component, and proximity to Fort Campbell. With 78.6% physical occupancy already achieved, the property offers investors a lower-risk lease-up opportunity with additional upside through occupancy and rate growth. The property is projected to deliver a 6.06% Year 1 cap rate, providing an attractive going-in yield with meaningful upside as occupancy continues to grow. Every 5 percentage-point increase in occupancy is estimated to add approximately $20,000 in NOI, creating a clear path to further value creation.
Top Storage, Clarksville - Dunbar Cave
Investment Highlights
- 38,225 SF self-storage facility on Dunbar Cave Rd. in Clarksville, TN, featuring 252 units at approximately 78.6% physical occupancy.
- Unmanned management and below-market occupancy create upside through local management, targeted marketing, tenant retention, and revenue optimization.
- Clarksville is a fast-growing Tennessee market with a diverse economy, major employers, Fort Campbell, and I-24 access, located just 40 minutes northwest of Nashville.
- Top Storage - Dunbar offers a compelling value-add opportunity with strong market fundamentals, diverse unit mix, below-market occupancy, and significant upside in fast-growing Middle Tennessee.
- At $111/SF, the facility is priced well below the estimated cost to develop new self-storage in the market, providing investors with an attractive basis and competitive replacement-cost protection.
- Ancillary Income: Tenant protection and fee income provide meaningful additional revenue, generating over $39,000 annually. Increased tenant protection plans represent an opportunity for an experienced operator to further enhance ancillary revenue.
Exclusively Listed By
Financing By
Self-Storage Facility
Top Storage, Clarksville - Dunbar Cave
Listing Price: $4,250,000
Investment Highlights
- 38,225 SF self-storage facility on Dunbar Cave Rd. in Clarksville, TN, featuring 252 units at approximately 78.6% physical occupancy.
- Unmanned management and below-market occupancy create upside through local management, targeted marketing, tenant retention, and revenue optimization.
- Clarksville is a fast-growing Tennessee market with a diverse economy, major employers, Fort Campbell, and I-24 access, located just 40 minutes northwest of Nashville.
- Top Storage - Dunbar offers a compelling value-add opportunity with strong market fundamentals, diverse unit mix, below-market occupancy, and significant upside in fast-growing Middle Tennessee.
- At $111/SF, the facility is priced well below the estimated cost to develop new self-storage in the market, providing investors with an attractive basis and competitive replacement-cost protection.
- Ancillary Income: Tenant protection and fee income provide meaningful additional revenue, generating over $39,000 annually. Increased tenant protection plans represent an opportunity for an experienced operator to further enhance ancillary revenue.
Investment Overview
Top Storage - Dunbar is a 38,225 rentable square foot self-storage facility in Clarksville, Tennessee, a high-growth Middle Tennessee market. The property benefits from its location near Dunbar Cave Road, a strong climate-controlled component, and proximity to Fort Campbell. With 78.6% physical occupancy already achieved, the property offers investors a lower-risk lease-up opportunity with additional upside through occupancy and rate growth. The property is projected to deliver a 6.06% Year 1 cap rate, providing an attractive going-in yield with meaningful upside as occupancy continues to grow. Every 5 percentage-point increase in occupancy is estimated to add approximately $20,000 in NOI, creating a clear path to further value creation.
Exclusively Listed By
Financing By
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