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45 Innovation Dr
Greenville, SC 29607
Adora Early Learning Academy · Specialty Property For Sale · 10,000 SF

Executive Summary

Attractive Lease Structure: Brand-new 20-year Absolute Net sale-leaseback featuring four (4) additional 5-year renewal options and 2.0% annual rent increases, providing investors with long-term income stability, passive ownership, and consistent NOI growth throughout the lease term.
Enhanced Credit Support: Lease is backed by both a corporate guaranty from Adora Childcare, LLC and a personal guaranty from the owner/operator, offering multiple layers of credit enhancement.
New Class A Construction: 2024 construction featuring state-of-the-art classrooms, modern amenities, and top-tier finishes designed to support a premier early childhood education environment.
Affluent Demographics: Located within a highly desirable trade area featuring approximately 149,000 residents within a 5-mile radius and an average household income of $124,000, supporting strong demand for quality childcare services.
Growing Childcare Demand: The childcare industry continues to experience strong long-term growth, driven by rising workforce participation, dual-income households, and increased demand for early childhood education. The Southeast is the nation’s fastest-growing childcare region, with South Carolina leading regional growth.
Healthcare-Driven Employment Growth: Positioned directly across from the ±189,000 SF St. Francis Millennium Campus, a growing healthcare campus situated on 64 acres. Additionally, Novant Health is developing multiple new state-of-the-art medical campuses nearby, which is expected to further drive employment growth and childcare demand in the immediate area.
Premier Greenville Submarket: Situated in one of Greenville’s fastest growing and most affluent submarkets, surrounded by premier residential communities and proximate to major retail, medical, entertainment, and top-rated public and private schools.
Dynamic Growth Market: Located in Greenville, one of the fastest-growing metro areas in the U.S., home to major employers including BMW Manufacturing, Michelin North America, GE, and Lockheed Martin, and many more.

Property Facts

Sale Type Investment
Cap Rate 6.75%
Property Type
Specialty
  • Specialty Schools
Building Size 10,000 SF
No. Stories 1
Year Built 2024
Zoning BG - BG (Business General), City of Greenville
  • Listing ID: 40175516

  • Date on Market: 2026-04-16

  • Last Updated:

  • Address: 45 Innovation Dr, Greenville, SC 29607

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