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.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Robert Schmidt, CCIM
Peter Couchell, CCIM
Learn more
Useful Information
Request information
3 Marcus Dr, Greenville, South Carolina, 29615
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
3 Marcus Dr
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.