For Deal Room access, click here; https://www.marcusmillichap.com/properties/148325/store-safe-tn
For Additional details, contact;
Andy Beeckman
andrew.beeckman@marcusmilichap.com
(615) 997-2861
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to exclusively offer for sale Store Safe TN located at 908 North Roan Street Johnson City, Tennessee 37601. Strategically located at the
economic center of Washington County, this facility provides a comprehensive range of storage solutions for both residential and commercial users.
Store Safe TN features a total of 118 units comprising of Climate-Controlled and Drive-up units with a total of 12,027 Net Rentable Square Feet. With the exception of six
drive-up units, the facility is fully gated & fenced, and includes lighting, cameras, and modern OpenTech entry access keypads. The asphalt drive aisles have a brand
new sealcoat applied in summer of 2025 in conjunction with fresh sealant on the roofs. These improvements allow for a clean user experience while reducing future
CapEx. The 1000 sq/ft warehouse space has been gutted and is available for conversion to storage units or other use. Current trailing 9-month annualized income is up
9.8% from last year. The property is currently operated remotely by an owner/user.
Store Safe TN is located across the street from Northside elementary school and benefits from an high average daily traffic count of nearly 8,500 vehicles with 52,000+
residents in a three-mile radius. Johnson City, TN is the economic powerhouse of the Tri-Cities region of the Appalachian Mountains in northeastern Tennessee. Located
1.4 miles from East Tennessee State University (ETSU) and nearby the Holston Business and Technology Park, and the U.S. Army National Guard Recruiting Center, this
prime location enables the investor to cater to a broad range of long-term, commercial and traditional customer needs. This inherent flexibility lowers the risk of
supply/demand shocks and enhances the property's versatility and income potential.
Priced at $1,395,000, the seasoned investor can attain a double-digit cash return after minimal operational enhancements.