In partnership with Ten-X, Colliers is pleased to present the premier user’s opportunity to acquire and take over 112 Benton Way, a 92-unit self-storage and parking facility. All self-storage units are climate and moisture-controlled. The facility underwent recent renovations and upgrades, providing new LED lighting inside and outside, as well as new electrical systems. Improvements include an on-site one-bed, one-bath manager’s apartment and a management office that offers storage and moving supplies for sale. Storage units range from 10 feet by 10 feet to 10 feet by 20 feet, with extra-wide halls for easy access. There are six covered and 15 surface spaces for RV, truck, boat, car, or trailer drivers; a 1.5-acre poured concrete pad site ready for 50+ additional storage units; and further space for more boat and RV storage. The prominent pylon and building signages are highly visible from the fully fenced-in property, where more than 9,600 cars pass daily via Highway 411.
Benton is a charming, close-knit community about 15 miles east of Cleveland, Tennessee. Its appealing downtown area is where Highway 411 and 64 come together. The suburb is tucked under the Chilhowee Mountains and is a few miles from Parksville Lake (Lake Ocoee). According to CoStar analytics, 112 Benton Way’s 10-mile radius has a population of 36,189 residents, set to increase by 1.1% by 2029, an average household income exceeding $81,300, and an annual consumer spending of more than $455.7 million. Of the Transportation and Maintenance category, approximately $128 million is spent, with the largest sub-category being boats and outboard motors, aligning with the storage facility’s capabilities and the area's demand.
This well-established facility currently has 67.17% occupancy with month-to-month renters, presenting a strong, income-generating, hands-off opportunity. Inquire today to schedule a site visit. You must see it to appreciate how the owner has transformed this former Fred's retail store into a state-of-the-art storage facility.
Ownership is willing and prepared to provide purchaser with transition support for a mutually agreeable period of time post-closing.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
