533 Woodruff Rd - Schools FOR SALE


Greenville, SC 29607
$9,135,000 USD
864-235-6855
533 Woodruff Rd, Greenville, SC for Sale
$9,135,000 USD
Schools - FOR SALE
1/8
null | 7% Cap Rate

533 Woodruff Rd
Greenville, SC 29607


OVERVIEW

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 SALE DETAILS

PRICE

$9,135,000 USD

PRICE/SF

$586 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Goddard School

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

C

APN/PARCEL ID

0260.00-01-016.10

ASK ABOUT THIS PROPERTY

Robert Schmidt, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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Robert Schmidt, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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