investment highlights
- BEST IN MARKET FACILITY // In 2023, the Tennsco property was expanded adding approximately 35,000 net rentable square feet and 241 units. The property has been meticulously maintained and features gated access, security lighting, cameras, and professional management.
- STRONG POPULATION GROWTH // Within a short commute of Nashville, Dickson has seen strong population growth and is expected to grow another 7.90% over the next five years.
- LEASE UP OPPORTUNITY // The facility has continued lease-up without dramatically cutting rates. A more aggressive rate strategy should spark leasing activity, allowing the new owner to push occupancy and then rates.
- LIMITED CLIMATE CONTROL SUPPLY // Dickson Tennsco is one of only three properties in the entire market. Current rates are matching the top of the market offering climate controlled units, and with increasing demand we expect these rates to grow.
property summary
Dickson Storage is a 694-unit, 91,330 net rentable square foot self-storage facility located in Dickson, Tennessee. The property sits on around 8.18 acres of land, was initially constructed in 2017 and was expanded in 2023. It contains 17 single-story self-storage buildings with 580 drive-up units.
Dickson Storage has many amenities including electronic gated entry with a digital keypad, large institutional-style leasing office with retail and security monitor displays, 24/7 video surveillance throughout the facility, concrete driveways, and metal roll-up doors throughout.
The facility is centrally located in Dickson with excellent visibility from Highway 70 E and Tennsco Road with over 16,300 passing vehicles per day combined. There are major drivers in the immediate area such as Walmart, Buffalo Wild Wings, Harbor Freight Tools, UPS, Petco, Planet Fitness, Jersey Mikes, Office Depot, Walgreens, and Kroger to name a few.