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.