Breaking Ground: New U-Haul Store Coming to Locust Grove by 2026
- None.
- None.
Insights
The establishment of a new U-Haul facility in Locust Grove represents a strategic expansion in a market that may have been underserved or is experiencing growth. As a Market Research Analyst, one would assess the demographic trends and economic factors influencing this decision. The choice of location, size of the property and the mix of services offered are tailored to meet the specific needs of the Locust Grove community. The introduction of over 700 climate-controlled storage units indicates a response to consumer demand for high-quality storage solutions.
Additionally, the job creation aspect is significant, with U-Haul intending to hire 20 team members locally. This move not only contributes to the company's growth but also supports the local economy by providing employment opportunities. The commitment to hiring veterans aligns with corporate social responsibility practices and enhances the company's public image.
U-Haul's focus on environmental sustainability is noteworthy, particularly the Adaptive Reuse program which aligns with broader trends in corporate environmental responsibility. The shared-use business model and initiatives like U-Box Load Share contribute to reducing the carbon footprint by minimizing the need for owning large-capacity vehicles and promoting the reuse of resources. Being recognized as the Most Environmentally Friendly Service of the Year reflects positively on the company's brand and can influence consumer preferences towards businesses that prioritize sustainability. This approach may also lead to operational cost savings and improved regulatory compliance, potentially impacting the company's long-term profitability and stock performance.
From a financial perspective, the investment in a new facility typically involves a detailed analysis of potential return on investment (ROI) and the capital expenditure required. The projected completion by 2026 suggests a long-term strategic plan, with capital being tied up for several years before operational profits can be realized. Investors and analysts would closely monitor the project's progress, cost management and potential revenue streams from the various services offered. The diversification of services, including moving truck rentals, professional hitch installation and propane refills, is designed to create multiple revenue streams that can enhance the facility's financial stability and contribute to the overall growth of the company.
U-Haul Moving & Storage Locust Grove at Tanger Blvd. is slated for completion by 2026. U-Haul acquired the property on Jan. 2.
A multi-story self-storage building will include more than 700 indoor rooms with climate-control and high-end security features at affordable price points. Customers will also have access to a retail showroom that offers boxes, moving supplies, hitch accessories, bike racks and more.
Moving truck rentals, trailers, towing equipment, professional hitch installation, U-Box® portable storage containers, and propane refills, exchanges and accessories will also be available at U-Haul Moving & Storage Locust Grove at Tanger Blvd.
"This will be our first facility in
Reserve equipment on the U-Haul app or contact Reservations at 1-800-GO-UHAUL.
When fully operational, U-Haul intends to hire 20 Team Members to staff the store. U-Haul will look to hire locally to promote job growth within the
U-Haul continues to benefit the environment through its shared-use business model. Truck and trailer sharing enables communities to share moving equipment so that families and individuals don't need to own large-capacity vehicles to transfer belongings. Sustainability initiatives like U-Haul Adaptive Reuse (the preserving and repurposing of existing buildings for new stores), truck modifications to improve fuel economy, and plastic Ready-To-Go Boxes® that are shared hundreds of times before being recycled are among the many ways U-Haul promotes green business. U-Box Load Share, the Company's latest sustainability program, was just named the 2023 Best in Biz gold winner for the Most Environmentally Friendly Service of the Year.
About U-HAUL
Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers with more than 23,000 rental locations across all 50 states and 10 Canadian provinces. The enhanced U-Haul app makes it easier for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and self-return options on their smartphones through our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 192,200 trucks, 138,500 trailers and 44,500 towing devices. U-Haul is the third largest self-storage operator in
Contact:
Andrea Batchelor
Jeff Lockridge
E-mail: publicrelations@uhaul.com
Phone: 602-263-6981
Website: uhaul.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/breaking-ground-new-u-haul-store-coming-to-locust-grove-by-2026-302074449.html
SOURCE U-Haul International, Inc.
FAQ
When is U-Haul Moving & Storage Locust Grove at Tanger Blvd. expected to be completed?
What services will be offered at U-Haul Moving & Storage Locust Grove at Tanger Blvd.?
How can customers reserve equipment at the new U-Haul facility?
How many Team Members will U-Haul hire for the new facility?
What environmental sustainability initiatives does U-Haul promote?
