533 Woodruff Rd - The Goddard School

Long-Term Lease: The lease began in 2023 and includes a 20-year initial term (±19 Years remaining) with four additional options to renew for 5-year periods.
Annual Rent Increases: To protect against inflation, the rent will increase annually by 1.50%, fostering long-term & steady financial growth.
Zero Landlord Responsibilities: The lease is structured as Absolute Net, whereas the tenant handles all expenses, offering the landlord true mailbox money.
Leading Early Childhood Education Provider: The Goddard School is nationally recognized as the premier provider of early childhood education. In 2023, it was also distinguished as a top Recession-Proof Franchise, highlighting its stability and reliability in challenging economic times.
Highly Recognized Franchisee: The tenant, a Goddard School franchisee, continues to receive multiple awards and was the top-ranked among over 520 schools nationwide in 2019.
State-of-the-Art Construction: The building, constructed in 2022 as a BTS for the Goddard School, 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 affluent neighborhoods such as Hollingsworth Park, Parkins Mill, and Augusta Street, with over 178,000 residents and an average household income of $106,519 within a five mile radius.
Affluent Area with Growing Wealth: The average household income within five miles exceeds $106,000 and is projected to surpass $119,000 by 2028.
Desirable Submarket: Located in the Woodruff Road area of Greenville, known for its affluent neighborhoods and proximity to major retail options.
Rapidly Developing Market: Greenville has gained recognition as a prime destination and rapidly growing city, attracting major employers like BMW Manufacturing, Michelin North American Headquarters, GE, Lockheed Martin, and many more.
Attractive State for Real Estate Investment: South Carolina is increasingly popular among real estate investors, thanks to its quickly appreciating property values and strong economy.