https://www.colliers.com/p-usa1108760
- Sold
For Sale
$6,700,000 USD
The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase Horton Highway Storage located at 8089 Horton Highway in Arrington, Tennessee. This institutional quality development that is tracking to deliver in August of 2022. Horton Highway Storage is located less than 30 minutes from Downtown Nashville and just .1 mile south of I-840. This facility is strategically located near the exclusive neighborhoods of The Troubadour and The Grove in the southeastern portion of Williamson County.
Horton Highway Storage is situated on approximately 6.55 acres and consists of eleven Betco Buildings and a spacious management office. Phase I of Horton Highway Storage will consist of 23,537 rentable square feet and 224 units. The developer has also pulled permits and poured two slabs for future climate-controlled buildings, one 16,000 sf and a second 15,600 sf. These two buildings can immediately be constructed, bringing the total rentable square footage for the facility to 46,887 sf.
Arrington sits 25 miles south of Downtown Nashville in affluent Williamson County. Williamson County is currently the 2nd fastest growing metro economy in the United States and is home to over forty corporate headquarters, such as Nissan North America, Tractor Supply Co and United Healthcare.
The surrounding trade area has strong demographics, given the area’s topographical challenges, with a population density of over 18,100 residents within a seven-mile radius. The three-mile population has grown by 167.1% since 2010 and is projected to grow by 21.0% over the next 3 ½ years. Arrington residents boast an average household income of an attractive $177,951, which is 163.5% above the national average household income of $67,521.
Horton Highway Storage will offer its tenants superior amenities, including a full-service on-site management office, multiple 24-hour video surveillance cameras, and automatic hallway light sensors throughout.
Horton Highway Storage will benefit from the institutional quality construction and the prime location in the heart of 10th wealthiest county in the United States. The rapid population growth as well as the overall economic indicators for Williamson County confirm this facility will rapidly stabilize and will be well-positioned for strong economic performance for years to come.
