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Green Apple Childcare 3 Marcus Dr
4,000 SF Retail Building Greenville, SC 29615 $2,069,000 USD ($517 USD/SF) 7.25% Cap Rate
Executive Summary
Long-Term Lease: 20-year sale-leaseback with four additional 5-year options to renew provides a stable long-term investment.
Annual Rent Increases: The lease will include 2.0% annual rent increases, fostering steady & long-term NOI growth.
Zero Landlord Responsibilities: The lease is structured as Absolute Net, whereas the tenant handles all expenses, offering the landlord true mailbox money.
Personal Guaranty: The operator is a HNWI and very experienced in the education sector. He currently operates four early education locations in the Greenville and Atlanta markets.
State-of-the-Art Construction: The building was completely renovated in 2024 and features top-tier Class A+ amenities for the teachers and students.
Strategic Location with High Population Density: Situated in the heart of Greenville, the location services dense neighborhoods with a population density of 175,000 within a 5-mile radius.
Affluent Area with Growing Wealth: The average household income within five miles exceeds $111,000 and is projected to surpass $124,000 by 2028.
Services Surrounding Businesses: Located just off I-385 and adjacent to a major medical submarket, this location offers local employees with a needed option for high-quality childcare.
Rapidly Developing Market: Greenville has gained recognition as a major destination for relocation and rapidly growing city, attracting major employers like BMW Manufacturing, Michelin North American Headquarters, GE, Lockheed Martin, Tesla, and many more.
Annual Rent Increases: The lease will include 2.0% annual rent increases, fostering steady & long-term NOI growth.
Zero Landlord Responsibilities: The lease is structured as Absolute Net, whereas the tenant handles all expenses, offering the landlord true mailbox money.
Personal Guaranty: The operator is a HNWI and very experienced in the education sector. He currently operates four early education locations in the Greenville and Atlanta markets.
State-of-the-Art Construction: The building was completely renovated in 2024 and features top-tier Class A+ amenities for the teachers and students.
Strategic Location with High Population Density: Situated in the heart of Greenville, the location services dense neighborhoods with a population density of 175,000 within a 5-mile radius.
Affluent Area with Growing Wealth: The average household income within five miles exceeds $111,000 and is projected to surpass $124,000 by 2028.
Services Surrounding Businesses: Located just off I-385 and adjacent to a major medical submarket, this location offers local employees with a needed option for high-quality childcare.
Rapidly Developing Market: Greenville has gained recognition as a major destination for relocation and rapidly growing city, attracting major employers like BMW Manufacturing, Michelin North American Headquarters, GE, Lockheed Martin, Tesla, and many more.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
4,000 SF
Building Class
C
Year Built/Renovated
1988/2023
Price
$2,069,000 USD
Price Per SF
$517 USD
Cap Rate
7.25%
NOI
$150,000 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.80 AC
Zoning
S-1 - S-1 - Service
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0543.01-01-017.07 | Improvements Assessment | $8,130 USD |
| Land Assessment | $10,800 USD | Total Assessment | $18,930 USD |
PROPERTY TAXES
Parcel Number
0543.01-01-017.07
Land Assessment
$10,800 USD
Improvements Assessment
$8,130 USD
Total Assessment
$18,930 USD
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Green Apple Childcare | 3 Marcus Dr
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