DEAL SUMMARY

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List Price:   $1,099,000

Lot Size:     2.63 Acres

Useable:    .84 Acres

Gross Sq/Ft: ~82,360

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INVESTMENT HIGHLIGHTS

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Rare Development Opportunity //  The property is offered as raw land and entitlements to build a 4-story, Class A, Generation V self-storage facility located in the Nashville MSA

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Strategically Located //  Near the intersection of Pin Hook Road and Murfreesboro Pike, across from a major grocery-anchored retails center, the site boasts exceptional visibility to approximately 37,493 vehicles/day on Murfreesboro Pike

 

Strong Population Growth //  The surrounding area benefits from a substantial existing population base with continued population growth plans in the trade area are considered significant. Approximately 1,415 new residential units are planned / approved / under construction in the immediate trade area strengthening the thesis for why Nashville continues to be a great investment. Since 2010, population trends show an upward trajectory from approximately 50,500 to 66,016 within 3 miles, and from approximately 128,100 to 163,884 within 5 miles of the development site. Per the US Census, the population is projected to grow by 5.7% by 2031 reaching 69,787 in the a 3-mile radius.

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Favorable Supply Index  //  While several competitors have entered the market in recent years, many of these projects have stabilized and are beginning to implement their ECRI programs. Despite this supply index at 7.9, per TractIQ, yet showing 3.19 people per NRSF of pure, Class A climate control within the 3-mile radius. There are no known new developments planned or in-progress within the trade area providing the unique opportunity to take advantage of the current and upcoming market dynamics.​

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INVESTMENT SUMMARY

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Equicap Commercial is pleased to present a rare development opportunity in the Nashville MSA, located at 3515 Pin Hook Road, Antioch, Tennessee. The property is offered as raw land & entitlements to build a 4-story, Class A, Generation V self-storage facility.

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This project's strategic location, excellent market fundamentals and the potential to offer modern amenities position it well to capture a significant market share and achieve long-term financial success.

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