Elgin, SC - Big Blue Marble Academy

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Big Blue Marble Academy investment property located in Elgin, South Carolina. The tenant currently has 18+ years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to structure and foundation making it an ideal, low-management investment opportunity for a passive investor. Big Blue Marble Academy operates 105+ schools serving more than 18,000 students, providing early care, preschool, after-school care, and summer camp for children ages 6 weeks to twelve years.

The subject property is located near the signalized, hard corner intersection of Liberty Ridge Dr and Spears Creek Church Rd which combined average 10,100 VPD. The site benefits from nearby direct on/off ramp access to Interstate 20, a major thoroughfare that averages 68,600 vehicles passing by daily. The asset is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Starbucks, McDonald’s, Taco Bell, CVS, Burger King, Dunkin’, QuikTrip, Publix, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 64,000 and 17,000 employees, providing a direct consumer base from which to draw. Residents within a 1-mile trade area boast an affluent average household income of $132,553.

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