CubeSmart
Interested in selling your CubeSmart NNN property or CubeSmart ground lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market CubeSmart NNN property for sale or CubeSmart ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your CubeSmart NNN property or the inclusion of a CubeSmart ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market CubeSmart properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of 2024, CubeSmart operates more than 1,400 self-storage facilities across the United States. The company has a strong presence in major metropolitan and suburban markets, serving residential and commercial customers nationwide.
Revenue and income
CubeSmart is a publicly traded real estate investment trust (REIT).
In 2023, CubeSmart reported total revenue of approximately $1.9 billion.
Net income for the year was approximately $550 million, reflecting strong occupancy levels and effective cost management.
Future plans
CubeSmart continues to focus on strategic growth initiatives, including:
Acquisitions and third-party management expansion to grow its national footprint.
Development and redevelopment projects in high-density and high-growth markets.
Technology investments, including digital rentals, contactless leasing, and enhanced customer experience platforms.
Operational efficiency initiatives to drive long-term shareholder value.
Corporate vs. franchise
CubeSmart does not operate as a franchise.
All properties are corporate-owned, managed, or operated through joint ventures and third-party management agreements.
As a REIT, CubeSmart maintains centralized operational control, branding, and pricing strategies across its portfolio.
Additional information CubeSmart Properties
CubeSmart was founded in 2004 and is headquartered in Malvern, Pennsylvania.
The company focuses exclusively on self-storage real estate, serving both consumer and business customers.
CubeSmart is known for its technology-driven operations, including online reservations and automated access systems.
The company is publicly traded on the New York Stock Exchange (NYSE: CUBE).
CubeSmart History
CubeSmart was founded in 2004 with a focus on acquiring, owning, and operating high-quality self-storage facilities in key U.S. markets. Through strategic acquisitions, joint ventures, and disciplined development, the company rapidly expanded its national footprint. Over the years, CubeSmart has evolved into one of the largest self-storage REITs in the United States. Today, the company continues to modernize its facilities and operations through digital leasing platforms, enhanced security features, and data-driven revenue management, solidifying its position as a leading self-storage operator.
Why Invest in Ground Lease and NNN Lease of CubeSmart?
Investing in CubeSmart ground lease and triple net (NNN) lease properties offers attractive benefits for passive real estate investors.
1) CubeSmart NNN Property Investment: Stable income
CubeSmart’s national scale, strong occupancy levels, and diversified customer base support consistent rental income under long-term lease structures.
2) CubeSmart NNN Property Investment: Established tenant
As a publicly traded REIT with a proven operating history, CubeSmart offers financial strength and operational stability, reducing tenant risk.
3) CubeSmart NNN Property Investment: Low management responsibility
NNN and ground lease structures typically place responsibility for taxes, insurance, maintenance, and repairs on the tenant, creating a passive investment profile.
4) CubeSmart NNN Property Investment: Favorable lease terms
CubeSmart leases often feature long initial terms with built-in rent escalations, supporting predictable income growth.
5) CubeSmart NNN Property Investment: Real estate value
CubeSmart facilities are located in high-demand urban and suburban markets, supporting long-term appreciation and strong real estate fundamentals.
Pros and Cons of CubeSmart Ground Lease and NNN Lease Investment
Pros:
Stable income backed by a national self-storage REIT.
Strong tenant credit profile and operating history.
Minimal landlord responsibilities under NNN structures.
Long-term leases with scheduled rent increases.
Cons:
Lease renewal risk at expiration.
Exposure to self-storage market competition and supply growth.
Lower cap rates due to tenant credit quality.
Sensitivity to broader real estate and interest rate cycles.
Thorough due diligence regarding location quality, lease structure, and market supply is essential when evaluating CubeSmart investments.