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 early education locations in the Greenville and Atlanta markets.
State-of-the-Art Construction: The building was completely renovated in 2024 and features top-tier Class A+ amenities for the teachers and students.
Strategic Location with High Population Density: Situated in the heart of Greenville, the location services dense neighborhoods with a population density of 175,000 within a 5-mile radius.
Affluent Area with Growing Wealth: The average household income within five miles exceeds $111,000 and is projected to surpass $124,000 by 2028.
Services Surrounding Businesses: Located just off I-385 and adjacent to a major medical submarket, this location offers local employees with a needed option for high-quality childcare.
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.