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The Learning Care Group dba The Children's Courtyard

$6,750,000

851 Double Bridge Road, Boiling Springs, SC 29316

Active
Last Updated: 03/24/2025

6.4

Cap Rate

432,000

NOI

Details:
Cap Rate:    6.4%
NOI:    $432,000
Building Size:    11,265 sqft
Lot Area:    2.21 acres
Occupancy:    100%
Lease Type:    Double Net
Year Built:    2025
Price Per Sqft:    $599.20
Tenancy:    Single
Lease Expire Year:    01/31/2045
Highlights:
  • The Learning Care Group dba The Children’s Courtyard is newly constructed and priced to sell $6,750,000 at 6.40% Cap Rate with a 20-year Net lease, 7.5% Rent Increases every 5 years, and rent commencement date at January 21, 2025.
  • The Children’s Courtyard opened on February 24, 2025.
  • The Learning Care Group which operates approximately 1,150 locations under 11 brands. The second largest daycare operator in the U.S. Operates La Petite Academy, Childtime, Tutor Time, The Children’s Courtyard, Everbrook Academy, Montessori Unlimited, AppleTree & Gilden Woods, U-GRO, Creative Kids, Young School, and Pathways Learning Academy’s and Centers.
  • Well located near Super Target, Chick-Fil-A, Lowe’s, Aldi, Walgreens, Starbucks, Harbor Freight, Walmart, McDonalds, Sherwin Williams, Arby’s, Applebee’s, O’Reilly, Advance Auto Parts, etc.
  • This property is located in Boiling Springs, South Carolina, a suburb of Spartanburg. Excellent traffic counts along Boiling Springs Road which average 29,800 vehicles per day.
  • Population of 64,985 and average household income of $86,332 within a 5-mile radius.
  • Boiling Springs is located 6 miles north of Spartanburg, South Carolina. Spartanburg was named South Carolina’s second Cultural District and was named the #1 Best City for Cyclists, according to Best Life.
Description:

The Learning Care Group dba The Children’s Courtyard is located in Boiling Springs, South Carolina, a suburb of Spartanburg and approximately 30 miles northeast of Greenville. This property is located along Boiling Springs Road, where traffic counts average 29,800 vehicles per day and near I-85 where traffic counts average 73,600 vehicles daily. Other nearby tenants include Walmart, Lowe’s, Aldi, Starbucks, Chick-Fil-A, McDonalds, Goodwill, Anytime Fitness, and much more.

Located directly behind The Children’s Courtyard, Boiling Springs will see the grand opening of a new center that will include Super Target, QuikTrip, Whataburger, McAlister’s Deli, and 168 multi-family units. The Target’s grand opening was August 18, 2024.

Map:
Documents:
Title
The_Children_s_Courtyard_-_Boiling_Springs__SC_MP.pdf
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Location
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