1229 South Congress Blvd, Smithville, TN 37166 - industrial property

Detailed information about industrial property which situated in Smithville (37166) city, Tennessee state on 1229 South Congress Blvd.
Smithville is located in Dekalb County in middle Tennessee. It is about 30 miles east of Murfreesboro and 45 miles east of Nashville. Chattanooga is about 90 miles south east. Murfreesboro is one of the fasted growing cities in America and has averaged over 6% growth per year since year 2000. The Nashville MSA ranks 4th in the nation economic strength. Demographics. The ten mile radius has a population of over 18,000 with the majority of the work force being employed in construction and manufacturing jobs. The median household income is over $40,000 and is projected to grow over 2.5% per year for the next 5 years.

Additional Information: 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