Long-Term Lease: 20-year sale-leaseback with four additional 5-year options to renew provides a stable long-term investment.
Annual Rent Increases: The lease will include 2.0% annual rent increases, fostering steady & long-term NOI growth.
Zero Landlord Responsibilities: The lease is structured as Absolute Net, whereas the tenant handles all expenses, offering the landlord true mailbox money.
Personal Guaranty: The operator is a HNWI and very experienced in the education sector. He currently operates four locations in the Greenville and Atlanta markets.
State-of-the-Art Construction: The buildings were constructed in 2018 & 2020 and features top-tier Class A+ amenities for the teachers and students.
Strategic Location with High Population Density: Situated in the heart of Five Forks in Simpsonville, the location services very affluent neighborhoods with average household income of $164,814 within a 1-mile radius.
Affluent Area with Growing Wealth: The average household income within five miles exceeds $128,000 and is projected to surpass $144,000 by 2028.
Desirable Submarket: Located on Woodruff Road in the Five Forks area of Greenville, known for its affluent neighborhoods and proximity to major amenities, including retail, medical, and entertainment options.
Rapidly Developing Market: Greenville has gained recognition as a major destination for relocation and rapidly growing city, attracting major employers like BMW Manufacturing, Michelin North American Headquarters, GE, Lockheed Martin, Tesla, and many more.