For Sale
$7,200,000

851 Double Bridge RdBoiling Springs, SC 29316

High-Yield Net Lease Daycare Center

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a 11,265 square foot, newly constructed (2024) daycare center in Boiling Springs, SC, boasting a 20-year net lease with The Children's Courtyard (guaranteed by The Learning Care Group, operating approximately 1,070 locations). The property sits on a 2.21-acre lot at 851 Double Bridge Rd, 29316, enjoying high visibility along Boiling Springs Road (29,800 vehicles daily) and proximity to I-85 (73,600 vehicles daily). Strong demographics support the investment, with a 5-mile radius population of 64,985 and an average household income of $86,332. The property benefits from a prime location near major retailers including Walmart, Lowe's, Aldi, Starbucks, Chick-fil-A, and a newly opened Target center with additional retail and residential development. The lease features a 6.00% cap rate, $432,000 NOI, and 7.5% rent bumps every five years, with three 5-year lease options. The lease commenced January 21, 2025, and expires January 31, 2045, offering a remaining term of 20.2 years. The asking price is $7,200,000. This is a rare opportunity to acquire a high-performing, long-term net lease asset in a thriving South Carolina market. The property is currently 100% occupied.

Highlights

  • New 20-year net lease with The Children's Courtyard, including 7.5% rent increases every five years.
  • The Children's Courtyard is backed by Learning Care Group, a major operator of over 1,070 childcare centers.
  • Excellent location with strong co-tenancy including Target, Chick-fil-A, Lowe's, and other national retailers.
  • Situated on Boiling Springs Road in Boiling Springs, SC, with high daily traffic counts (29,800 vehicles).
  • Strong demographics: 5-mile radius boasts a population of 64,985 and an average household income of $86,332.
  • Conveniently located near Spartanburg, SC, a thriving city recognized for its cultural scene and cycling infrastructure.

Property Details for 851 Double Bridge Rd

Property type
Day care centers & nurseries, Retail properties
Square Feet
11,265 SF
Year Built
2024
Lot Size (sq. ft)
96,268 SF

Location Insight

City
Boiling Springs
County
Spartanburg
State
South Carolina
Latitude
35.042174
Longitude
-81.982495
851 Double Bridge Rd, Boiling Springs, South Carolina

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851 Double Bridge Rd
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