851 Double Bridge Rd Boiling Springs, SC 29316
- Day care centers
- 11,265 SF
- 2.21 lot acres
Current Use by Public Records
- Day care centers
Property Details for 851 Double Bridge Rd
- Year built
- 2024
- Lot size
- 2.21 lot acres
- Property size
- 11,265 SF
- Property type
- Day care centers
Description
Exceptional investment opportunity: a 11,265 square foot, newly constructed (2024) daycare center in Boiling Springs, SC, boasting a 20-year net lease with The Children's Courtyard (guaranteed by The Learning Care Group, operating approximately 1,070 locations). The property sits on a 2.21-acre lot at 851 Double Bridge Rd, 29316, enjoying high visibility along Boiling Springs Road (29,800 vehicles daily) and proximity to I-85 (73,600 vehicles daily). Strong demographics support the investment, with a 5-mile radius population of 64,985 and an average household income of $86,332. The property benefits from a prime location near major retailers including Walmart, Lowe's, Aldi, Starbucks, Chick-fil-A, and a newly opened Target center with additional retail and residential development. The lease features a 6.00% cap rate, $432,000 NOI, and 7.5% rent bumps every five years, with three 5-year lease options. The lease commenced January 21, 2025, and expires January 31, 2045, offering a remaining term of 20.2 years. The asking price is $7,200,000. This is a rare opportunity to acquire a high-performing, long-term net lease asset in a thriving South Carolina market. The property is currently 100% occupied.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boiling Springs
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.982495
- Latitude
- 35.042174
