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Adora Early Learning Academy

45 Innovation Drive, Greenville, SC 29607

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Price:

CAP Rate:

NOI:

Year Built / Renovated:

Rentable SF:

Lot Size:

$6,225,000

6.75%

420,000

2024

10,000

1.29 acres

Attractive Lease Structure: Brand-new 20-year Absolute Net sale-leaseback featuring four (4) additional 5-year renewal options and 2.0% annual rent increases, providing investors with long-term income stability, passive ownership, and consistent NOI growth throughout the lease term.

Enhanced Credit Support: Lease is backed by both a corporate guaranty from Adora Childcare, LLC and a personal guaranty from the owner/operator, offering multiple layers of credit enhancement.

New Class A Construction: 2024 construction featuring state-of-the-art classrooms, modern amenities, and top-tier finishes designed to support a premier early childhood education environment.

Affluent Demographics: Located within a highly desirable trade area featuring approximately 149,000 residents within a 5-mile radius and an average household income of $124,000, supporting strong demand for quality childcare services.

Growing Childcare Demand: The childcare industry continues to experience strong long-term growth, driven by rising workforce participation, dual-income households, and increased demand for early childhood education. The Southeast is the nation’s fastest-growing childcare region, with South Carolina leading regional growth.

Healthcare-Driven Employment Growth: Positioned directly across from the ±189,000 SF St. Francis Millennium Campus, a growing healthcare campus situated on 64 acres. Additionally, Novant Health is developing multiple new state-of-the-art medical campuses nearby, which is expected to further drive employment growth and childcare demand in the immediate area.

Premier Greenville Submarket: Situated in one of Greenville’s fastest growing and most affluent submarkets, surrounded by premier residential communities and proximate to major retail, medical, entertainment, and top-rated public and private schools.

Dynamic Growth Market: Located in Greenville, one of the fastest-growing metro areas in the U.S., home to major employers including BMW Manufacturing, Michelin North America, GE, and Lockheed Martin, and many more.

For more information:

Robert Schmidt, CCIM
Director & Shareholder
(864) 678-5995
[email protected]
Peter Couchell, CCIM
Managing Director & Shareholder
(864) 678-5923
[email protected]
Lawrence Myers
Associate
864-313-2817
[email protected]

Documents

Download Offering Memorandum

Property Summary

Property Type:

Retail

Lot Size:

1.29 Acres

Year Built:

2024

Buildings:

1

Stories:

1

Investment Summary

CAP Rate:

6.75%

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Confidentiality Agreement Form

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Confidentiality Agreement
This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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