Diversified mixed-use investment combining self storage, retail units, and a car wash, delivering stable income with a 7.68% cap rate and upside to 8.78% pro-forma. Creekside Storage & Plaza offers multiple income streams across 10,980 square feet and 51 units in a high-traffic Seymour location.
Positioned near local schools and along a busy commuter route, the property benefits from consistent daily footfall and strong visibility. Approximately 70% of income is derived from established retail tenants and repeat car wash customers, creating predictable and durable cash flow. The self storage component maintains solid occupancy at 88%, supported by natural demand and minimal marketing requirements.
The asset features long-term tenants, including a well-established restaurant with a newly renewed 5-year NNN lease incorporating annual rent increases and a personal guarantee. Retail tenants contribute to operating costs, improving net returns. The car wash has recently undergone pricing increases, providing immediate upside in revenue.
The property has been upgraded with LED lighting, full security camera coverage, modern payment systems, and improved infrastructure, including internet installation and updated HVAC. A tenant occupying the storage office provides on-site presence, enhancing operational oversight while maintaining low management intensity.
This is a turnkey investment with multiple revenue streams, offering both stability and growth potential through rental increases and continued operational optimisation.
Enquire now to secure this high-demand, income-generating mixed-use investment opportunity.
