49,300 SF | Kingdom Ridge Storage C/O Opportunity | Murfreesboro, TN

Description

Colliers is proud to exclusively present Kingdom Ridge Storage, a premier Certificate of Occupancy investment opportunity for qualified investors.  Strategically located at 5015 Malachite Lane in Murfreesboro, Tennessee, this state-of-the-art facility is set to deliver in June 2025 and will feature 388 units spanning 49,300 RSF. Kingdom Ridge Storage comprises three drive-up non-climate buildings and one single-story climate-controlled building, all constructed with high-quality brick and metal finishes for durability and aesthetic appeal. Ideally positioned along Franklin Road (21,197 AADT) near the intersection of Veteran’s Parkway, Kingdom Ridge Storage sits in the heart of Murfreesboro’s rapidly expanding commercial and residential corridor.

This facility is designed to provide tenants with top-tier amenities, including a spacious, professional management office, 24-hour video surveillance for enhanced security, wide drive aisles for easy access, a full perimeter fence with a digital keypad access control system and sliding gates, high-efficiency LED lighting throughout, and meticulously designed landscaping.

Murfreesboro ranks among the nation’s fastest-growing cities, recently recognized as the 16th fastest-growing city in the U.S. by national rankings. In 2023, SmartAsset named Murfreesboro the #3 Fastest Growing Boomtown in America. The five-mile population has surged by 246.6% since 2000 to 98,182 residents, with a projected 3.4% annual growth rate. The immediate trade area has a remarkable 44% renter-occupied housing rate, underscoring strong demand for self-storage. Despite the high percentage of renters, the area maintains an impressive average household income of $117,831, exceeding the national average and reinforcing the market’s economic strength.

The purchaser of Kingdom Ridge Storage will benefit from institutional-quality construction designed for long-term durability and operational efficiency. Its prime location in one of the fastest-growing markets in the United States offers strong lease-up potential and attractive rental rates, driven by continued population growth and increasing demand for storage solutions. This is a rare opportunity to invest in a best-in-class storage facility in a market experiencing unparalleled economic and residential expansion.