2120 Monte Carlo Blvd - Self-Storage Facilities FOR SALE


Princeton, TX 75407
$1,950,000 USD
945-333-8550
2120 Monte Carlo Blvd, Princeton, TX for Sale
$1,950,000 USD
Self-Storage Facilities - FOR SALE
1/2
null | 4.41% Cap Rate

2120 Monte Carlo Blvd
Princeton, TX 75407


HIGHLIGHTS

  • Premier investment opportunity providing an 85-unit storage facility on a fenced and gated 3-acre lot with ample room for expansion/development.
  • Approximately 93% of storage units and 60% of parking spaces are currently leased, providing stable, in-place rental revenue.
  • Clean and secure facility that was fully renovated in 2018 and includes a keypad entry system for enhanced peace of mind.
  • Just off Highway 380, a major commuter corridor with over 27,000 daily vehicles and a large number of nearby traffic-driving retail amenities.
  • Surrounded by industry-leading retailers such as Walmart Supercenter, Tractor Supply Co., Starbucks, Chipotle, Jersey Mike’s Subs, Wendy’s, and more.
  • Affluent trade area boasting 34% population growth within 3 miles since 2020, with an average income over $110K and annual spending of over $736M.

OVERVIEW

Join the momentum of Collin County with the exceptional investment opportunity to acquire Monte Carlo Mini Storage, located at 2120 Monte Carlo Boulevard in Princeton, Texas. Offering 85 storage units, currently 93% leased, and 70 parking stalls, currently 60% leased, this fantastic investment provides dependable in-place rental revenue alongside diversified growth potential. Originally built in 1999 and fully renovated in 2018, Monte Carlo Mini Storage spans a total of ±6,000 square feet on a spacious 3-acre lot. The site includes ample excess land with premier frontage, providing an added upside to expand the facility or introduce a new retail development. The facility is fully fenced and gated with a keypad entry system, providing a secure, controlled environment that offers peace of mind for tenants. With low operating costs and strong demand from a growing population, this rare opportunity provides robust passive cash flow for savvy investments. Monte Carlo Mini Storage enjoys prime placement just off US Highway 380, the main east-west artery of Princeton that is traveled by more than 27,000 vehicles each day, offering enhanced exposure for the business. Storage and retail ventures will benefit from strong cross-traffic from this bustling thoroughfare, thanks to a high concentration of nearby retail options, including Walmart Supercenter, Tractor Supply Co., Starbucks, Dutch Bros Coffee, Chipotle, Jersey Mike’s Subs, Wendy’s, Tropical Smoothie Café, and more. Princeton and Collin County have experienced rapid population and economic growth in recent years, highlighting the area’s desirability. Monte Carlo Mini Storage is uniquely poised to capitalize on the area's growth with convenient proximity to many quality single-family communities. Within just 3 miles of the asset, the business enjoys a captive customer base of more than 62,000, which has increased by over 34% since 2020. Residents of the area have an average household income of more than $110,000, supporting local businesses with over $736 million in annual consumer spending. With impressive existing income, prominent visibility, and lucrative growth opportunities through expansion and development, Monte Carlo Mini Storage delivers an unmatched investment opportunity in one of the fastest-growing markets in Texas.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$217 USD /SF

CAP RATE

4.41%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Monte Carlo Mini Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

Commercial C-1

APN/PARCEL ID

R-1525-001-0050-1

ASK ABOUT THIS PROPERTY

Derek BorgMonte Carlo Mini StorageMore Info
945-333-8550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Derek BorgMonte Carlo Mini StorageMore Info
945-333-8550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.