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Learning Care Group/The Children's Courtyard 851 Double Bridge Road rd

11,265 SF Retail Building Boiling Springs, SC 29316 $6,750,000 ($599.20/SF) 6.40% Cap Rate

INVESTMENT HIGHLIGHTS

  • The Learning Care Group dba The Children’s Courtyard is newly constructed and priced to sell $6,750,000 @ 6.40% Cap Rate, with a 20-year Net Lease.
  • Well located near Target, Chick-Fil-A, Lowe’s, Aldi, Walgreens, Starbucks, Harbor Freight, Walmart, McDonalds, Sherwin Williams, etc.
  • 7.5% Rent Increases every 5 years, and rent commencement date of January 21, 2025. The Children’s Courtyard is set to open on February 24th, 2025.
  • The tenant on the lease is The Children’s Courtyard with guaranty provided by Learning Care Group which operates approximately 1,150 locations.
  • Population of 64,985 and average household income of $86,332 within a 5-mile radius.

EXECUTIVE SUMMARY

Net, Net Lease.  The site is self maintained by the Tenant. Tenant responsible for maintenance or repairs to the Roof Membrane and HVAC.  Landlord responsible for repairs and replacement of the structural components of roof (but not membrane), the structure of the Building, and exterior walls. Landlord responsible for HVAC replacement.

ATTACHMENTS

CoStar MP

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
11,265 SF
Building Class
B
Year Built
2025
Price
$6,750,000
Price Per SF
$599.20
Cap Rate
6.40%
NOI
$432,000
Tenancy
Single
Building Height
1 Story

NEARBY MAJOR RETAILERS

First Citizens Bank
Anytime Fitness
Workout Anytime
Starbucks
Applebee's
United Community Bank
First Horizon Bank
Truist
Salsarita's Fresh Mexican Grill
Woodforest National Bank
  • Listing ID: 33055811

  • Date on Market: 9/4/2024

  • Last Updated:

  • Address: 851 Double Bridge Road rd, Boiling Springs, SC 29316

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