Metro Self Storage NNN Property Lease: Pros, Cons, and History

Metro Self Storage

Interested in selling your Metro Self Storage NNN property or Metro Self Storage ground lease property and wondering what you can get for it in today’s changing market?

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Number of locations

As of 2023, Metro Self Storage operates approximately 85 self‑storage facilities across 12 states in the United States, making it one of the larger privately held self‑storage operators in the country.

Revenue and income

Metro Self Storage is a privately held company and does not publicly disclose detailed revenue and net income figures. It is recognized as one of the top privately owned self‑storage companies in the U.S., managing millions of square feet of rentable storage space.

Future plans

Metro Self Storage continues to pursue controlled growth through new facility development, acquisitions, and expansion into additional markets. The company also focuses on enhancing its storage offerings, facility amenities, and customer service experience.

Corporate vs. franchise

Metro Self Storage facilities are 100% corporate‑owned and operated. The company does not franchise its properties, maintaining centralized operational control and uniform customer service standards.

Additional information Metro Self Storage Properties

Metro Self Storage was founded in 1973, when its first self‑storage facility was established in Illinois, introducing the concept of mini‑warehouse storage to the region.
The business grew steadily through the 1970s and 1980s, with the Metro brand formally introduced in 1979 as the company expanded into multiple states.
Metro Storage LLC is headquartered in Lake Forest, Illinois, and has been privately owned by the Nagel family and leadership team since its inception.
Today, Metro Self Storage is regarded as one of the largest privately held self‑storage operators in the U.S., serving millions of personal and business customers.

Metro Self Storage History

Metro Self Storage traces its roots back to 1973 when its first self-storage facility was established in Illinois, introducing convenient, secure storage solutions for individuals and businesses. Over the years, Metro expanded steadily, acquiring and developing additional facilities across multiple states, formalizing the Metro brand in 1979. The company’s commitment to safety, cleanliness, and customer service has driven its growth, making Metro Self Storage one of the largest privately held self-storage operators in the United States. Today, Metro Self Storage operates across 12 states, offering modern storage solutions and continuing to innovate with facility amenities, technology, and customer-focused services.

Why Invest in Ground Lease and NNN Lease of Metro Self Storage?

Investing in Metro Self Storage’s ground lease and triple net (NNN) lease properties offers compelling reasons:

1) Metro Self Storage NNN Property Investment: Stable income

With a well-established brand and decades of operational experience, Metro Self Storage provides reliable and predictable income streams. Ground and NNN leases offer long-term, consistent cash flows.

2) Metro Self Storage NNN Property Investment: Established tenant

Metro Self Storage’s strong reputation and consistent occupancy rates reduce the risk of vacancy or lease default, ensuring a dependable tenant for the property.

3) Metro Self Storage NNN Property Investment: Low management responsibility

Under ground and NNN leases, the tenant is responsible for facility management, maintenance, and operating expenses, minimizing the landlord’s day-to-day management obligations.

4) Metro Self Storage NNN Property Investment: Favorable lease terms

Long-term lease agreements with built-in rental escalations provide predictable income and potential growth over time.

5) Metro Self Storage NNN Property Investment: Real estate value

Metro Self Storage facilities are often located in high-demand areas, which can increase property value over time and offer potential capital appreciation.

Pros and Cons of Metro Self Storage Ground Lease and NNN Lease Investment

Pros:

Stable income from a well-established self-storage brand.
Established tenant reduces vacancy and lease default risks.
Minimal management responsibility for landlords since the tenant handles operations.
Long lease terms provide predictable cash flow and potential income growth.

Cons:

Lease renewal risk when the term expires.
Dependency on Metro Self Storage’s operational performance and market conditions.
Local competition and market saturation can affect profitability.
Limited control over property decisions under a NNN lease.

Economic and market risks inherent in real estate and self-storage investments.

MarketWatch: Metro Self Storage