900 Commons Road

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900 Commons Road

Elgin, SC 29045
Asking Price
$5.66M
Cap Rate
6.35%
Asset Type
Day Care/Nursery Retail
Class
Class B

What's Special

Brand New 2024 Construction | 18+ Years Remaining | 2% Annual Increases | $132,000+ AHHI in 1-Mile <p><strong>Brand New 2024 Construction with 20-Year Lease</strong></p><ul><li>​Big Blue Marble Academy signed a brand new, 20-year lease that doesn’t expire until 2044.</li><li>​The lease includes 2.00% annual rent increases to hedge inflation and two, five-year tenant option periods.</li><li>​Aside from structure and foundation, the tenant is responsible for all maintenance as well as real estate taxes, insurance, common areas, utilities, etc making this a prime opportunity for out-of-state inv

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NOI
$80,000
Cap Rate
1.41%
DSCR
0.24
Underwater
Cash-on-Cash
-15.08%
Monthly Payment
$28,012.487
Annual Cash Flow
$-256,149.84

Location & Travel Times