For Sale
$2,069,000

3 Marcus DrGreenville, SC 29615

High-yield, 20-year net lease daycare.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple interest in a thriving Green Apple Childcare Center, a Class A, 4,000 square-foot facility situated on a 0.8-acre lot in Greenville, South Carolina. Built in 2023, the property boasts a 20-year absolute net lease with a reputable tenant, featuring 2% annual rent bumps, ensuring consistent income growth. The lease includes four to five-year renewal options, providing long-term stability. With a current NOI of $150,000 and a 7.25% cap rate, this property offers a compelling return on investment. The tenant, an experienced operator with multiple locations, provides a strong personal guarantee. The strategic location, near I-385 and a major medical submarket, serves a high-density, affluent area with an average household income exceeding $111,000 within a five-mile radius. This prime location benefits from Greenville's robust economic growth and high population density. The property's absolute net lease structure minimizes landlord responsibilities, making it an ideal, low-maintenance investment. The asking price is $2,069,000, translating to $517.25 per square foot. This is a rare opportunity to acquire a high-quality, income-producing asset in a rapidly expanding market. The property is 100% occupied and offers significant long-term potential. The single-story building is situated in Greenville County, SC, zip code 29615, at 3 Marcus Dr.

Highlights

  • $2,069,000 asking price for a 4,000 SF, Class A, single-tenant net lease property.
  • 20-year absolute net lease to Green Apple Childcare Center with four 5-year renewal options; 2% annual rent increases.
  • 7.25% cap rate with $150,000 annual NOI and 100% occupancy.
  • Located in Greenville, SC, on 0.8 acres, built in 2023.
  • Strong tenant with personal guarantee; experienced operator of multiple childcare centers.

Property Details for 3 Marcus Dr

Property type
Day care centers & nurseries, Retail properties
Square Feet
4,000 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Greenville
County
Greenville
State
South Carolina
Latitude
34.847149646144
Longitude
-82.317168218697
3 Marcus Dr, Greenville, South Carolina

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3 Marcus Dr
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