Top Storage, Clarksville - Dunbar Cave — Sale in Clarksville, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Clarksville, TN 37043

Photos

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Investment Figures

Cap rate
5.17%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Top Storage - Dunbar is a 38,225 rentable square foot self-storage facility in Clarksville, Tennessee, a high-growth Middle Tennessee market. The property benefits from its location near Dunbar Cave Road, a strong climate-controlled component, and proximity to Fort Campbell. With 78.6% physical occupancy already achieved, the property offers investors a lower-risk lease-up opportunity with additional upside through occupancy and rate growth. The property is projected to deliver a 6.06% Year 1 cap rate, providing an attractive going-in yield with meaningful upside as occupancy continues to grow. Every 5 percentage-point increase in occupancy is estimated to add approximately $20,000 in NOI, creating a clear path to further value creation. Investment Highlights: • 38,225 SF self-storage facility on Dunbar Cave Rd. in Clarksville, TN, featuring 252 units at approximately 78.6% physical occupancy. • Unmanned management and below-market occupancy create upside through local management, targeted marketing, tenant retention, and revenue optimization. • Clarksville is a fast-growing Tennessee market with a diverse economy, major employers, Fort Campbell, and I-24 access, located just 40 minutes northwest of Nashville. • Top Storage - Dunbar offers a compelling value-add opportunity with strong market fundamentals, diverse unit mix, below-market occupancy, and significant upside in fast-growing Middle Tennessee. • At $111/SF, the facility is priced well below the estimated cost to develop new self-storage in the market, providing investors with an attractive basis and competitive replacement-cost protection. • Ancillary Income: Tenant protection and fee income provide meaningful additional revenue, generating over $39,000 annually. Increased tenant protection plans represent an opportunity for an experienced operator to further enhance ancillary revenue.

Market Context

This commercial property in Clarksville, TN is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing commercial property assets. Compare it against other commercial property listings for sale in Clarksville, TN — view the full market.

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