The Children’s Courtyard is newly constructed and priced to sell $6,750,000 at 6.40% Cap Rate with a 20-year Net lease, 7.5% Rent Increases every 5 years, and rent commencement date of Janurary 21, 2025.
The tenant on the lease is The Children’s Courtyard with guaranty provided by Learning Care Group which operates approximately 1,150 locations under 11 brands. The second largest daycare provider in the U.S.
Well located near Super Target, Chick-Fil-A, Lowe’s, Aldi, Walgreens, Starbucks, Harbor Freight, Walmart, McDonalds, Sherwin Williams, Arby’s, Applebee’s, O’Reilly, Advance Auto Parts, etc.
This property is located in Boiling Springs, South Carolina, a suburb of Spartanburg. Excellent traffic counts along Boiling Springs Road which average 29,800 vehicles per day.
Population of 64,985 and average household income of $86,332 within a 5-mile radius.
Boiling Springs is located 6 miles north of Spartanburg, South Carolina. Spartanburg was named South Carolina’s second Cultural District and was named the #1 Best City for Cyclists, according to Best Life.