Corporate Guaranty from the #2 Corporate Operator in the Country
– Learning Care Group (LCG) is officially recognized as the second-largest for-profit early childhood education and care provider in North America.
– The company operates over 1,150 schools across the United States. Its network spans across 40 states and Washington, D.C.
– LCG has the collective capacity to care for and educate over 165,000 children daily, ranging in age from 6 weeks to 12 years old.
– Unlike some competitors that operate under a single name, LCG achieves its massive scale by maintaining a diverse portfolio of 11 unique brand identities. This multi-brand approach allows them to target various market segments, educational philosophies, and geographic regions.
– Driven by its massive footprint, LCG generates an estimated $4.1 billion in annual revenue.
18+ Years Remaining with 7.50% Increases Every 5 Years
– The Learning Care Group corporately guaranteed lease has over 18 years remaining.
– The lease features rental increases every 5 years of 7.50% and continuing into the option periods, growing NOI and hedging against inflation.
– The lease features limited landlord responsibilities, allowing for a passive investment for a new landlord.
Spartanburg MSA – 5-Mile Population Growth: 25% (2010-2022)
– Greenville-Spartanburg-Anderson is the 8th Largest MSA in Southeast and Spartanburg was the 8th Fastest Growing Metro in the U.S. in 2023 (U.S. Census Bureau).
– The area is home to 1.6 million residents.
– Greenville County boasts many large businesses and financial companies, houses various regional offices and continues to attract new firms.
– Boiling Springs is an affluent and growing suburb of Spartanburg, SC and is about 30 miles northwest of Greenville.
Over $38,000,000 Spent on Education and Daycare in a 5-Mile Radius
– A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.
– Participants in early childhood programs are more likely to enroll in college and potentially experience higher earnings in adulthood.
