$21,600,000 | 92,697 SF | Go Store It – Mt Juliet, TN

Description

Colliers presents a rare investment opportunity to acquire an institutional-grade self-storage facility at 166 Belinda Parkway in Mt. Juliet, Tennessee. Go Store It – Mt. Juliet spans 92,697 rentable square feet across 678 units, with Carlson Insurance as a long-term tenant on the second floor of the management office.

Strategically located along Interstate 40 in one of Tennessee’s fastest-growing communities, the facility sits on 7.95 acres and includes four single-story buildings and a two-story climate-controlled building. The most recent expansion added 40,000 square feet in July 2017.

This premier storage facility offers keypad-controlled gated access, a spacious management office, a passenger elevator, complimentary moving carts, ambient music, and robust security with 35 HD surveillance cameras.

With a five-mile trade area of 59,029 residents—expected to grow by 9.5% by 2029—and a median household income of $105,963, demand remains strong. A local moratorium on new self-storage development creates high barriers to entry, ensuring minimal competition.

Offered at $21,600,000, Go Store It – Mt. Juliet is priced at a stabilized 7.50% cap rate. Investors will acquire a meticulously maintained facility with a proven track record of strong operating performance and attractive financial upside through continued revenue optimization.  With limited competition due to the development moratorium, a thriving local economy, and close proximity to Nashville, this asset presents a compelling self-storage investment opportunity with long-term value appreciation.