The Goddard School

533 Woodruff Rd, Greenville, SC 29607

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Price:

CAP Rate:

NOI:

Year Built / Renovated:

Rentable SF:

Lot Size:

$9,335,000

6.85%

639,450

2022

15,600

2.45 acres

• Long-Term Lease: The lease began in 2023 and includes a 20-year initial term (±19 Years remaining) with four additional options to renew for 5-year periods.

• Annual Rent Increases: To protect against inflation, the rent will increase annually by 1.50%, fostering long-term & steady financial growth.

• Zero Landlord Responsibilities: The lease is structured as Absolute Net, whereas the tenant handles all expenses, offering the landlord true mailbox money.

• Leading Early Childhood Education Provider: The Goddard School is nationally recognized as the premier provider of early childhood education. In 2023, it was also distinguished as a top Recession-Proof Franchise, highlighting its stability and reliability in challenging economic times.

• Highly Recognized Franchisee: The tenant, a Goddard School franchisee, continues to receive multiple awards and was the top-ranked among over 520 schools nationwide in 2019.

• State-of-the-Art Construction: The building, constructed in 2022 as a BTS for the Goddard School, 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 affluent neighborhoods such as Hollingsworth Park, Parkins Mill, and Augusta Street, with over 178,000 residents and an average household income of $106,519 within a five mile radius.

• Affluent Area with Growing Wealth: The average household income within five miles exceeds $106,000 and is projected to surpass $119,000 by 2028.

• Desirable Submarket: Located in the Woodruff Road area of Greenville, known for its affluent neighborhoods and proximity to major retail options.

• Rapidly Developing Market: Greenville has gained recognition as a prime destination and rapidly growing city, attracting major employers like BMW Manufacturing, Michelin North American Headquarters, GE, Lockheed Martin, and many more.

• Attractive State for Real Estate Investment: South Carolina is increasingly popular among real estate investors, thanks to its quickly appreciating property values and strong economy.

For more information:

Robert Schmidt, CCIM

Director & Shareholder

(864) 678-5995

[email protected]

Peter Couchell, CCIM

Managing Director & Shareholder

(864) 678-5923

[email protected]

Documents

Property Summary

Property Type:

Retail

Property Subtype:

Day Care/Nursery

Tenancy:

Single

Ownership:

Fee Simple

Lot Size:

2.45 Acres

Year Built:

2022

Parking:

65

Buildings:

1

Investment Summary

Price:

9,335,000

CAP Rate:

6.85%

NOI:

$639,450

Price per SF:

$598.40

Tenant Credit:

Franchisee

Lease Type:

Absolute Net

Lease Commencement:

01/01/2023

Lease Expiration:

03/31/2043

Remaining Term:

19

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864.235.6855
101 E. Washington Street,
Suite 400, Greenville, SC 29601

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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.

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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