321 Scuffletown Rd - Day Care Center FOR SALE


Simpsonville, SC 29681
$4,857,931 USD
864-640-7310
321 Scuffletown Rd, Simpsonville, SC for Sale
$4,857,931 USD
Day Care Center - FOR SALE
1/15
null | 7.25% Cap Rate

321 Scuffletown Rd
Simpsonville, SC 29681


OVERVIEW

Klue Real Estate Advisors is pleased to offer a sale-leaseback investment opportunity for a ±12,358 SF early childhood education facility in Simpsonville, South Carolina. This property sits on ±1.783 acres and boasts numerous upgrades and amenities, as well as a premium location in Five Forks, one of the premier residential and commercial corridors in Greenville County. Kiddie Academy currently operates a first-class early childhood education facility at the property. With an enrollment of 180 students and 2024 revenues of over $2.4 million, Kiddie Academy has become a highly successful business under its current owners, Erin and Dan Wackerhagen. Since purchasing the business in 2021, the Wackerhagens have nearly doubled revenues, performed numerous renovations to the property including a new roof in 2024, and improved teacher compensation and retention. The Wackerhagens are now looking to sell the property and lease it back at a market rental rate to free up cash for a variety of purposes, including paying off the mortgage and business loan, reinvesting into the business and property, and similar uses. The Wackerhagens are open to a long-term absolute NNN lease with a rental rate of $28.50/SF NNN and an asking price of $4,857,931, which generates a 7.25% Cap Rate. This sale-leaseback deal offers a unique opportunity for an investor seeking stable returns from a thriving early childhood education facility with a successful, long-term tenant in one of the country's most dynamic economic regions.

FOR SALE DETAILS

PRICE

$4,857,931 USD

PRICE/SF

$393 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

O-D

APN/PARCEL ID

0548.02-01-034.01

ASK ABOUT THIS PROPERTY

Chris SchweighartKlue Real Estate AdvisorsMore Info
864-640-7310

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Chris SchweighartKlue Real Estate AdvisorsMore Info
864-640-7310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.