Core Plus Self-Storage Opportunity – Locust Grove, GA
3040 Bill Gardner Pkwy, Locust Grove, GA 30248
This offering presents a rare opportunity to acquire a best-in-class, institutional quality self-storage project in the highly sought after Locust Grove submarket. The project totals 64,325 rentable square feet spread across 590 climate controlled units. The asset is complete with modern amenities such as a contemporary leasing office, a covered loading bay, multiple entrance gates, video surveillance equipment, and more. The 3- and 5-mi radii around the location is rapidly growing with over 3.0% annual population growth over the past 4 years and over 4.3% annual growth expected over the next 5 years.
The store opened in September 2023 and, as of October 2025, is 89.4% occupied with in-place rents of $14.80. From October 2024 to October 2025, the store increased it’s square foot occupancy by over 23.3% while continuing to increase the in-place rents by 2.1%. Based on CW’s rent survey, there is room to increase inplace rents by nearly 40% to reach the current market rent over the next 18-24 months. The combination of a very strong historical lease up and Class A product in a rapidly growing trade area / submarket, offer investors a strong core plus investment opportunity.
The Property is located in Locust Grove, GA, part of the dynamic Atlanta-Sandy Springs-Alpharetta MSA, one of the fastest-growing metropolitan areas in the nation with a population exceeding 6.2 million. Atlanta is a major economic hub for the Southeast, driven by logistics, technology, and corporate headquarters, and benefits from exceptional connectivity via Interstate 75 and proximity to Hartsfield-Jackson International Airport, the world’s busiest airport. Locust Grove has experienced explosive residential and commercial growth, with population increasing more than 34% since 2020 and median household incomes around $72,500. The trade area features significant new development, including large-scale residential communities such as Heron Bay, the Springs at Locust Grove (328 units), and a proposed mixed-use project with 1,487 housing units and 10 acres of commercial space. Nearby retail anchors include Tanger Outlets, Walmart, Publix, and numerous national brands, creating strong demand drivers for selfstorage. This location offers investors a rare opportunity to capitalize on rapid growth in one of the Southeast’s most desirable corridors.