1229 S Congress Blvd, Smithville, TN 37166

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Building Details:

• Year Built: 1985

1229 S Congress Blvd is located in Smithville, TN.

Hwy 56 S. Mini-Storage & U-Haul (Hwy 56 Storage) is a 60,608 storage facility located in Smithville, TN. There are three separate locations. Hwy 56 Storage is the largest and most dominate facility in Smithville. The facility was first open in about 1985 with a couple of building
and grew with more buildings over the next 15 years. The facility has had very stable occupancy and averages in the range of 80-85%. Two of the facilities are located on Hwy 56 which is the main north and south artery into town which carries about 8,000+ cars a day. McMinnville is located due south. Hwy 56 allows for great visibility and marketing opportunities. The U-Haul operation is the largest in Smithville. Smithville is about 45 miles from east of Nashville. Many residents of Nashville have second homes located on and around Center Hill Lake which is just north east of downtown. The Cap Rate from the 2008 NOI is 9.13%. Three years of detailed P&L's are available. 2010 has started off very well. Between March 1 and May 28 fifty-nine units have been rented. Overall occupancy is up about 5% over 2009. OWNER-AGENT