

Listed by Marcus & Millichap - Chicago Oak Brook
$5,662,000
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


Listed by Marcus & Millichap - Chicago Oak Brook
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Loan Amount
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Annual Debt Service
$--
$--
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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