

Listed by Marcus & Millichap - Chicago Oak Brook
$6,646,154
The Children's Courtyard - Boiling Springs, SC
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 11,156
Cap Rate 6.5%
NOI $432,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 20
Lease Expiration 01/31/2045
Remaining Term 18.6
Rent Bumps Yes
Lease Options Three, Five-Year
Broker Co-Op True
Year Built 2025
Acreage 2.210
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/21/2025
Ground Lease No
Ownership Fee Simple
18+ Years Remaining | #2 Corporate Operator in the Country | Outparcel to Brand New Target
Investment highlights
Corporate Guaranty from the #2 Corporate Operator in the Country
- Learning Care Group (LCG) is officially recognized as the second-largest for-profit early childhood education and care provider in North America.
- The company operates over 1,150 schools across the United States. Its network spans across 40 states and Washington, D.C.
- LCG has the collective capacity to care for and educate over 165,000 children daily, ranging in age from 6 weeks to 12 years old.
- Unlike some competitors that operate under a single name, LCG achieves its massive scale by maintaining a diverse portfolio of 11 unique brand identities. This multi-brand approach allows them to target various market segments, educational philosophies, and geographic regions.
- Driven by its massive footprint, LCG generates an estimated $4.1 billion in annual revenue.
18+ Years Remaining with 7.50% Increases Every 5 Years
- The Learning Care Group corporately guaranteed lease has over 18 years remaining.
- The lease features rental increases every 5 years of 7.50% and continuing into the option periods, growing NOI and hedging against inflation.
- The lease features limited landlord responsibilities, allowing for a passive investment for a new landlord.
Spartanburg MSA – 5-Mile Population Growth: 25% (2010-2022)
- Greenville-Spartanburg-Anderson is the 8th Largest MSA in Southeast and Spartanburg was the 8th Fastest Growing Metro in the U.S. in 2023 (U.S. Census Bureau).
- The area is home to 1.6 million residents.
- Greenville County boasts many large businesses and financial companies, houses various regional offices and continues to attract new firms.
- Boiling Springs is an affluent and growing suburb of Spartanburg, SC and is about 30 miles northwest of Greenville.
Over $38,000,000 Spent on Education and Daycare in a 5-Mile Radius
- A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.
- Participants in early childhood programs are more likely to enroll in college and potentially experience higher earnings in adulthood.
Listing Contacts


Listed by Marcus & Millichap - Chicago Oak Brook
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$432,000.00
$36,000.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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