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Self Storage

Freedom Storage Development

4119 Murfreesboro Pike, Nashville, TN 37013

Listing Price: $1,125,000

Lot Size
1.93 acres
Price/Acre
$582,900
Land Type
Land
Buildable Square Feet
91,851

Investment Overview

Marcus & Millichap is proud to offer for sale Freedom Storage Development. All site plans and construction are approved by the city and the site is development ready. The property is located at 4119 Murfreesboro Pike, Antioch, Tennessee 37013 and will sit on 1.93 acres for a gross build of 91,851 square feet and net rentable square feet of 71,696. The plans consist of 594 self-storage units within 68,122 net rentable square feet and 4 retail units comprised of 3,574 square feet. There are busy retail corridors both south and north of the location, three miles from a Walmart Supercenter, Murfreesboro Pike boasts 31,674* VPD and is a main thoroughfare for commuters who reside in the Smyrna, Lavergne and Antioch into downtown Nashville, Tennessee as well as travelers traveling to/from Nashville International Airport.

The development will feature a three-story climate-controlled building with modern institutional quality leasing office, two elevator loading areas, digital video surveillance, paved drives and parking, modern security and access services in addition to four custom built retail spaces ranging from 500 to 1500 rentable square feet. The retail spaces will provide anchor tenants and guaranteed foot traffic to the property while allowing the developer/owner to take advantage of triple-net lease options.

The Antioch area has experienced significant growth in the last 20 years as Nashville MSA continues to outpace the rest of the country. The subject property is located five miles towards downtown Nashville from the 300+ acre mixed-use master planned development of Century Farms along Interstate 24. The development, which will feature a wide variety of major retail, office, multifamily and entertainment uses, has achieved zoning for more than 30,000,000 square feet of space and will be centered around a new, full-access Hickory Hollow Parkway (Exit 60) interchange. Construction has already begun on the interchange, which will soon provide easy access to both sides of I-24. There are additional apartments and continued development of single-family homes on all sides of the property.

Freedom Storage Development presents an investor with an excellent opportunity to develop and operate a best in class facility on a major thoroughfare in a growing area of Nashville. Once completed, the operator will be able to command higher rents and enjoy consistent cash flows for year to come.

Investment Highlights

  • Class A3-Story All Climate-Controlled Facility Approved for Development
  • Excellent Location on Busy Retail Corridor
  • Population of 52,557 Within 3 Miles and Expected to Grow 13.02%
  • Median Household Income of $66,308
  • Will Be the Only Class A, Generation V Facility inTrade Area
  • 4.78 Square Feet Per Capita Within 3 Mile Radius

Exclusively Listed By

Self Storage

Freedom Storage Development

Listing Price: $1,125,000

Lot Size
1.93 acres
Price/Acre
$582,900
Land Type
Land
Buildable Square Feet
91,851

Investment Highlights

  • Class A3-Story All Climate-Controlled Facility Approved for Development
  • Excellent Location on Busy Retail Corridor
  • Population of 52,557 Within 3 Miles and Expected to Grow 13.02%
  • Median Household Income of $66,308
  • Will Be the Only Class A, Generation V Facility inTrade Area
  • 4.78 Square Feet Per Capita Within 3 Mile Radius

Investment Overview

Marcus & Millichap is proud to offer for sale Freedom Storage Development. All site plans and construction are approved by the city and the site is development ready. The property is located at 4119 Murfreesboro Pike, Antioch, Tennessee 37013 and will sit on 1.93 acres for a gross build of 91,851 square feet and net rentable square feet of 71,696. The plans consist of 594 self-storage units within 68,122 net rentable square feet and 4 retail units comprised of 3,574 square feet. There are busy retail corridors both south and north of the location, three miles from a Walmart Supercenter, Murfreesboro Pike boasts 31,674* VPD and is a main thoroughfare for commuters who reside in the Smyrna, Lavergne and Antioch into downtown Nashville, Tennessee as well as travelers traveling to/from Nashville International Airport.

The development will feature a three-story climate-controlled building with modern institutional quality leasing office, two elevator loading areas, digital video surveillance, paved drives and parking, modern security and access services in addition to four custom built retail spaces ranging from 500 to 1500 rentable square feet. The retail spaces will provide anchor tenants and guaranteed foot traffic to the property while allowing the developer/owner to take advantage of triple-net lease options.

The Antioch area has experienced significant growth in the last 20 years as Nashville MSA continues to outpace the rest of the country. The subject property is located five miles towards downtown Nashville from the 300+ acre mixed-use master planned development of Century Farms along Interstate 24. The development, which will feature a wide variety of major retail, office, multifamily and entertainment uses, has achieved zoning for more than 30,000,000 square feet of space and will be centered around a new, full-access Hickory Hollow Parkway (Exit 60) interchange. Construction has already begun on the interchange, which will soon provide easy access to both sides of I-24. There are additional apartments and continued development of single-family homes on all sides of the property.

Freedom Storage Development presents an investor with an excellent opportunity to develop and operate a best in class facility on a major thoroughfare in a growing area of Nashville. Once completed, the operator will be able to command higher rents and enjoy consistent cash flows for year to come.

Exclusively Listed By

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