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Lunker Boat + RV Storage

170-Unit Boat & RV Storage Facility in Affluent Dallas, TX Suburb

Listing Contacts

Active

Asking Price: $1,100,000
Listing Broker NameTim Speck
Address 

5638 Co Rd 547, Nevada, TX 75173

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Date Added
Jan 16, 2025
Days on Market
150 days
Time Since Last Update
95 days

Details

Property TypeIndustrial, Mixed Use, Land, Self Storage, Mobile Home Park
SubtypeWarehouse, Flex, Industrial
Square Footage98,003
Net Rentable (sq ft)98,003
Price/Sq Ft$11.22
Cap Rate6.89%
Units170
Year Built2024
Lot Size (acres)5
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Marketing Description

Lunker Boat + RV Storage is a 170-unit storage facility resting on approximately 5.0 acres in Nevada, Texas (Dallas MSA).​  The property was constructed by a father / daughter partnership in the summer of 2024, and is currently in lease-up.​  The unit mix comprises 169 uncovered parking spaces ranging from 468 square-feet to 715 square-feet, and one fully enclosed parking unit.​  Property amenities include personalized key-pad gated entry, eight-foot perimeter fencing and lighting, and 24-hour video surveillance cameras.​ 

The facility is located just a stone’s throw away from Lake Lavon.​ Located only 15 miles northeast of Dallas, and featuring more than 1,100 acres of surface area, Lake Lavon’s hiking / biking trails, fishing holes, private boat docks, public boat ramps, and campgrounds attract a wide variety of outdoor enthusiasts throughout the year.​ This, along with the trade area’s attractive demographic profile, suggest a new owner will be able to lease the remaining unoccupied units fairly quickly.​  To be sure, the average household income within a one, three, and five-mile radius exceeds $115,000 annually, the population has more than doubled since 2010, and it is expected to grow an additional 26 percent within the next five years.​

Offered for $1,100,000, Lunker RV + Boat Storage is great value-add opportunity that can be remotely managed.​  In fact, utilizing the facility’s best-in-class security features, the current owners have been successfully operating the facility at a day-to-day level, despite living more than 1.5 hours away.​

Investment Highlights

  • Approximately 0.67-Miles from Lake Lavon

  • Average Household Income Exceeds $115,000 in Submarket

  • Population Growth in Submarket has Doubled since 2010

  • Ability to Manage Facility Remote

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Due Diligence

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Please reach out to the listing contacts for details.

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Broker of Record
Tim Speck
Broker of Record: License Type
TX 9002994
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