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The Hatcher Group of Marcus & Millichap is pleased to exclusively offer for sale Business Park Mini Storage located in White House, Tennessee. The facility consists of 17 climate-controlled units and 416 non-climate-controlled units totaling 70,825 net rentable square feet. This is a stabilized cash flowing facility that is currently 95% physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance.

The facility is located just 20 miles from Nashville, Tennessee, and benefits from a rapidly growing surrounding population. The population within five miles of the facility has seen a 47% increase since 2000 and is expected to continue to grow over the next five years. They are located just off U.S. Highway 31 West which serves to connect Louisville and Nashville. This offers the facility high daily traffic counts of around 6,800 cars per day off Highway 31 West.

Business Park Mini Storage is being offered for $8,300,000 or $117.19 per rentable square foot.

Population
In 2021, the population in your selected geography is 27,113. The population has changed by 46.7 percent since 2000. It is estimated that the population in your area will be 28,918 five years from now, which represents a change of 6.7 percent from the current year. The current population is 49.2 percent male and 50.8 percent female. The median age of the population in your area is 39.4, compared with the U.S. average, which is 38.4. The population density in your area is 345 people per square mile.

Households
There are currently 9,954 households in your selected geography. The number of households has changed by 51.4 percent since 2000. It is estimated that the number of households in your area will be 10,684 five years from now, which represents a change of 7.3 percent from the current year. The average household size in your area is 2.7 people.

Income
In 2021, the median household income for your selected geography is $79,387, compared with the U.S. average, which is currently $65,694. The median household income for your area has changed by 61.9 percent since 2000. It is estimated that the median household income in your area will be $80,339 five years from now, which represents a change of 1.2 percent from the current year.

The current year per capita income in your area is $31,777, compared with the U.S. average, which is $36,445. The current year’s average household income in your area is $86,553, compared with the U.S. average, which is $94,822.

Employment
In 2021, 15,500 people in your selected area were employed. The 2000 Census revealed that 60.3 percent of employees are in white-collar occupations in this geography, and 39.7 percent are in blue-collar occupations. In 2021, unemployment in this area was 3.0 percent. In 2000, the average time traveled to work was 31.5 minutes.

Housing
The median housing value in your area was $226,086 in 2021, compared with the U.S. median of $227,827. In 2000, there were 5,535 owner-occupied housing units and 1,039 renter-occupied housing units in your area. The median rent at the time was $504.

Education
The selected area in 2021 had a higher level of educational attainment when compared with the U.S. averages. Only 5.3 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.0 percent, and 16.2 percent completed a bachelor’s degree, compared with the national average of 19.5 percent.

The number of area residents with an associate degree was higher than the nation’s at 9.8 percent vs. 8.3 percent, respectively.

The area had more high-school graduates, 34.8 percent vs. 27.2 percent for the nation. The percentage of residents who completed some college is also higher than the average for the nation, at 23.4 percent in the selected area compared with the 20.5 percent in the U.S.

■ Nashville, Tennessee MSA Self Storage Offering
■ 70,825 Net Rentable Square Feet
■ 17 Climate Controlled Units
■ 416 Non-Climate Controlled Units
■ Stabilized Facility: 95% Physically Occupied
■ High Daily Traffic Counts: 6,800 Cars/Day
■ Population Growth of 47% Within a Five-Mile Radius Since 2000

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