3 Marcus Dr Greenville, SC 29615-4817

Property Details for 3 Marcus Dr

Lot size

0.80 lot acres

Zone code

S-1

Property type

Office buildings

APN

0543.01-01-017.07

APU

543010101707

Description

This exceptional investment opportunity presents a fee-simple interest in a thriving Green Apple Childcare Center, a Class A, 4,000 square-foot facility situated on a 0.8-acre lot in Greenville, South Carolina. Built in 2023, the property boasts a 20-year absolute net lease with a reputable tenant, featuring 2% annual rent bumps, ensuring consistent income growth. The lease includes four to five-year renewal options, providing long-term stability. With a current NOI of $150,000 and a 7.25% cap rate, this property offers a compelling return on investment. The tenant, an experienced operator with multiple locations, provides a strong personal guarantee. The strategic location, near I-385 and a major medical submarket, serves a high-density, affluent area with an average household income exceeding $111,000 within a five-mile radius. This prime location benefits from Greenville's robust economic growth and high population density. The property's absolute net lease structure minimizes landlord responsibilities, making it an ideal, low-maintenance investment. The asking price is $2,069,000, translating to $517.25 per square foot. This is a rare opportunity to acquire a high-quality, income-producing asset in a rapidly expanding market. The property is 100% occupied and offers significant long-term potential. The single-story building is situated in Greenville County, SC, zip code 29615, at 3 Marcus Dr.