851 Double Bridge Road rd - Day Care Center FOR SALE
Boiling Springs, SC 29316 |
$6,646,155 USD
612-332-6600
851 Double Bridge Road rd
Boiling Springs, SC 29316
HIGHLIGHTS
- The Learning Care Group dba The Children’s Courtyard is newly constructed and priced to sell $6,646,155 @ 6.50% Cap Rate, with a 20-year Net Lease.
- The tenant on the lease is The Children’s Courtyard with guaranty provided by Learning Care Group which operates approximately 1,150 locations.
- Well located near Target, Chick-Fil-A, Lowe’s, Aldi, Walgreens, Starbucks, Harbor Freight, Walmart, McDonalds, Sherwin Williams, etc.
- Population of 64,985 and average household income of $86,332 within a 5-mile radius.
- 7.5% Rent Increases every 5 years, and rent commencement date of January 21, 2025. The Children’s Courtyard opened on February 24th, 2025.
OVERVIEW
Net, Net Lease. The site is self maintained by the Tenant. Tenant responsible for maintenance or repairs to the Roof Membrane and HVAC. Landlord responsible for repairs and replacement of the structural components of roof (but not membrane), the structure of the Building, and exterior walls. Landlord responsible for HVAC replacement.
FOR SALE DETAILS
PRICE
$6,646,155 USD
PRICE/SF
$590 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Learning Care Group/The Children's Courtyard
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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612-332-6600
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612-332-6600
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