The Children's Courtyard

851 Double Bridge Road, Boiling Springs, SC 29316

$6,967,742

Cap Rate 6.20%

Views: 164 DOM: 107 Updated: 12.17.24 Posted: 09.05.24 Status: Active

Summary

Price $6,967,742	Built/Renov 2024	Tenant The Children's Courtyard
Cap Rate 6.20%	Lease Type Double NN	Guarantor Corp Rated
Size/SF 11,265	Lease Start 01-21-2025	#Units 90
Price/SF $639.15	Expiration 01-31-2045	Tenant Type Daycare/Education
NOI $432,000	R. Term 20.1	Ownership Fee Simple
Rent/SF $38.35	Increases 7.5%/5/yrs	Pop 5Mi 64,985
Lot/AC 2.21	Options 3/5yrs/7.5%	AHHI 5Mi $86,332

Lease Highlights

Brand new 2024 construction
New 20-year lease with 3 (5-year) options to extend
The lease features 7.5% rental increases throughout the initial term and option periods
Corporate guaranteed lease

Location Description

The Children’s Courtyard is strategically located on Boiling Springs Road, with access to 29,800 vehicles passing by daily. The property is surrounded by well-known national tenants, including Target, Chick-fil-A, Lowe’s, Aldi, Walgreens, Starbucks, Harbor Freight, and more. Nearby is the new Essenia Community development that combines multi-family residences, senior living, and mixed-use...

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Key Features

New construction
Build to suit
Near major nationals
Strategically located
Affluent suburb location
Major MSA
Brand new lease
Long 20+ yr lease
Corporate Guarantee
Credit rated company

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Links

The Children's Courtyard Wikipedia Boiling Springs, South Carolina Zip Code 29316 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: The Children's Courtyard
Guarantor:Corp Rated
Company:Learning Care Group
# Units:90
Tenant S&P: B
Moody’s: B3
Stock:Private

About Tenant

The Children's Courtyard is a network of early childhood education centers that offer comprehensive childcare and early learning programs for infants, toddlers, preschoolers, and school-age...

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Listing Broker

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

68 Listings
8153 Views
15 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

68 Listings
8153 Views
15 Sold

Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Keith Sturm

Upland Real Estate Group, Inc.

Contact

68 Listings
8153 Views
15 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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