533 Woodruff Rd - The Goddard School
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533 Woodruff Rd - The Goddard School
15,600 SF Specialty Building Offered at $9,135,000 at a 7% Cap Rate in Greenville, SC 29607
Executive Summary
Long-Term Lease: The lease began in 2023 and includes a 20-year initial term (±19 Years remaining) with four additional options to renew for 5-year periods.
Annual Rent Increases: To protect against inflation, the rent will increase annually by 1.50%, fostering long-term & steady financial growth.
Zero Landlord Responsibilities: The lease is structured as Absolute Net, whereas the tenant handles all expenses, offering the landlord true mailbox money.
Leading Early Childhood Education Provider: The Goddard School is nationally recognized as the premier provider of early childhood education. In 2023, it was also distinguished as a top Recession-Proof Franchise, highlighting its stability and reliability in challenging economic times.
Highly Recognized Franchisee: The tenant, a Goddard School franchisee, continues to receive multiple awards and was the top-ranked among over 520 schools nationwide in 2019.
State-of-the-Art Construction: The building, constructed in 2022 as a BTS for the Goddard School, features top-tier Class A+ amenities for the teachers and students.
Strategic Location with High Population Density: Situated in the heart of Greenville, the location services affluent neighborhoods such as Hollingsworth Park, Parkins Mill, and Augusta Street, with over 178,000 residents and an average household income of $106,519 within a five mile radius.
Affluent Area with Growing Wealth: The average household income within five miles exceeds $106,000 and is projected to surpass $119,000 by 2028.
Desirable Submarket: Located in the Woodruff Road area of Greenville, known for its affluent neighborhoods and proximity to major retail options.
Rapidly Developing Market: Greenville has gained recognition as a prime destination and rapidly growing city, attracting major employers like BMW Manufacturing, Michelin North American Headquarters, GE, Lockheed Martin, and many more.
Attractive State for Real Estate Investment: South Carolina is increasingly popular among real estate investors, thanks to its quickly appreciating property values and strong economy.
Annual Rent Increases: To protect against inflation, the rent will increase annually by 1.50%, fostering long-term & steady financial growth.
Zero Landlord Responsibilities: The lease is structured as Absolute Net, whereas the tenant handles all expenses, offering the landlord true mailbox money.
Leading Early Childhood Education Provider: The Goddard School is nationally recognized as the premier provider of early childhood education. In 2023, it was also distinguished as a top Recession-Proof Franchise, highlighting its stability and reliability in challenging economic times.
Highly Recognized Franchisee: The tenant, a Goddard School franchisee, continues to receive multiple awards and was the top-ranked among over 520 schools nationwide in 2019.
State-of-the-Art Construction: The building, constructed in 2022 as a BTS for the Goddard School, features top-tier Class A+ amenities for the teachers and students.
Strategic Location with High Population Density: Situated in the heart of Greenville, the location services affluent neighborhoods such as Hollingsworth Park, Parkins Mill, and Augusta Street, with over 178,000 residents and an average household income of $106,519 within a five mile radius.
Affluent Area with Growing Wealth: The average household income within five miles exceeds $106,000 and is projected to surpass $119,000 by 2028.
Desirable Submarket: Located in the Woodruff Road area of Greenville, known for its affluent neighborhoods and proximity to major retail options.
Rapidly Developing Market: Greenville has gained recognition as a prime destination and rapidly growing city, attracting major employers like BMW Manufacturing, Michelin North American Headquarters, GE, Lockheed Martin, and many more.
Attractive State for Real Estate Investment: South Carolina is increasingly popular among real estate investors, thanks to its quickly appreciating property values and strong economy.
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Property Facts Under Contract
| Price | $9,135,000 | Building Class | B |
| Price Per SF | $586 | Lot Size | 2.45 AC |
| Sale Type | Investment | Building Size | 15,600 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Schools | Parking Ratio | 4.17/1,000 SF |
| Price | $9,135,000 |
| Price Per SF | $586 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 2.45 AC |
| Building Size | 15,600 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 4.17/1,000 SF |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $123,780 | |
| Land Assessment | $81,610 | Total Assessment | $205,390 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$81,610
Improvements Assessment
$123,780
Total Assessment
$205,390
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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533 Woodruff Rd - The Goddard School
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