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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Contacts
Deborah Vannelli
Keith Sturm
Amanda Leathers
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851 Double Bridge Rd, Boiling Springs, South Carolina, 29316
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Disclaimer
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We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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851 Double Bridge Rd
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