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32469404
32469406

900 Commons Road, Elgin, SC 29045 For Sale

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook
$5,662,000
68 days on market
Updated 68 days ago

Big Blue Marble Academy - Elgin, SC (Columbia MSA)

Details
APN R28800-01-03
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 11,953
Cap Rate 6.35%
NOI $359,475
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 21.9
Lease Expiration 12/31/2044
Remaining Term 18.5
Rent Bumps Yes
Lease Options Two, Five-Year
Broker Co-Op True
Year Built 2024
Acreage 1.510
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2023
Ground Lease No
Ownership Fee Simple

Brand New 2024 Construction | 18+ Years Remaining | 2% Annual Increases | $132,000+ AHHI in 1-Mile

Marketing description

Land, General

Investment highlights

Brand New 2024 Construction with 20-Year Lease

  • Big Blue Marble Academy signed a brand new, 20-year lease that doesn’t expire until 2044.
  • The lease includes 2.00% annual rent increases to hedge inflation and two, five-year tenant option periods.
  • Aside from structure and foundation, the tenant is responsible for all maintenance as well as real estate taxes, insurance, common areas, utilities, etc making this a prime opportunity for out-of-state investors.

Top 15 Operator in the Country (83+ Locations)

  • Big Blue Marble Academy is one of Top 15 Corporate childcare companies in the country.
  • Big Blue Marble Academy currently operates over 83 locations across eight states.
  • 13th largest childcare brand by number of locations with $95 million in 2023 reported annual revenue.

Big Blue Marble Academy Acquired by Leeds Equity Partners

  • Leeds Equity is a New York-based private equity firm dedicated exclusively to partnering with management teams in the education, training, and information services industries (the “Knowledge Industries”).
  • The firm was founded in 1993 and currently manages approximately $5 billion of capital across a broad spectrum of companies within the Knowledge Industries.
  • Leeds Equity seeks to leverage its sector-focused expertise and market insights to create long-term value for its partner companies and investors.

Columbia MSA – 2nd Largest MSA in South Carolina

  • With more than 800,000 residents across six counties, the greater metropolitan region (commonly referred to as the Midlands) has the second largest population in South Carolina.
  • Major employers in the health care, government and education sectors include Palmetto Health, Blue Cross Blue Shield and the University of South Carolina.
  • South Carolina was the fastest growing state in 2023 and 10th fastest in 2024 by US Census.

Listing Contacts

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$359,475.00
$29,956.25/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
Ben Yelm
License
86628
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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