Hometown Storage in Trenton, TN

The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase the Halliburton location of Hometown Storage located at 188 Halliburton Road in Trenton, Tennessee.  This facility was phase-built between 1990 and 1994 and was completely modernized in May 2023.    

Hometown Storage consists of three single-story metal buildings totaling 10,800 rentable square feet spread between 60 units.  This facility sits on approximately 1.05 acres and offers tenants wide asphalt drive aisles, a sliding gate with keypad access, multiple 24-hour video surveillance cameras and abundant security lighting throughout. 

Trenton is the county seat for Gibson County and is the fourth-largest city in the area.  Gibson County is a northern suburb for Jackson and has a diversified economy that consists of manufacturing, healthcare and retail jobs.  The 5-mile population is 7,477 individuals who have an average household income of $57,023.   According to Radius, the 5 mile trade area is under-supplied, with just 6.7 square feet of storage per person and just 4.4 square feet of non-climate space. 

Offered at $640,000, Hometown Storage - Halliburton is priced at a stabilized 9.75% cap rate and just $59.26 psf.  This is a perfect remotely managed facility, allowing an investor to efficiently manage the asset from anywhere.  The purchaser of this facility will benefit from having almost 100k sf within a 15-minute drivetime at close to replacement cost.  A focus on growing the ancillary revenue streams, such as tenant insurance, POS, as well as enhanced revenue management will have a substantial impact on this portfolio’s value.