Equity Investment

Big Blue Marble NNN Portfolio, Greenville SC

An opportunity to invest equity capital alongside an experienced investment manager in a portfolio of three early childhood education centers leased on a long-term NNN basis to one of the largest private early education center operators in the US.
Invested
Q4 2022
Big Blue Marble NNN Portfolio Greenville, SC
Location:
Greenville, SC MSA
Partner:
The LCP Group
Buildings:
Three (3)
Lease Type:
NNN

Scenario

Given increased client demand for stable, low-cost, cash flowing investments, the EastAlliance portfolio of investment funds has expanded into the NNN sector. As a result of this strategic expansion, EastAlliance partnered with a proven national investment firm with whom we have a long-standing relationship to invest in the acquisition of three (3) early childhood education centers on long-term leases. Our operating partner’s strong platform and domain expertise, coupled with the EastAlliance executive team’s experience in the NNN sector, made this opportunity an obvious fit for our NNN-focused strategy.

Given the stabile nature of NNN leases; location of the portfolio in a fast-growing region in the US; our operating partner’s market-leading expertise in structuring NNN opportunities; fixed rate debt that was locked in prior to further hikes; the Tenant’s growing regional footprint; and, the projected inelasticity of demand for high-quality early education services, EastAlliance opted to pursue an equity position in this partnership through one of its single-investment managed fund structures.

Asset

The portfolio consists of three (3) single story daycare centers located near key thoroughfares in densely populated residential and retail corridors. Combined, these single-story buildings total approximately 39,500 SF. Each of the properties boast a series of open concept classrooms and daycare areas, community-centric common areas, basic food preparation areas, storage, restrooms, and receiving/reception areas, surrounded by an exterior of open, grassed areas and fenced-in playgrounds.

Big Blue Marble NNN Portfolio Greenville, SC
Big Blue Marble NNN Portfolio Greenville, SC
Big Blue Marble NNN Portfolio Greenville, SC
Big Blue Marble NNN Portfolio Greenville, SC
Big Blue Marble NNN Portfolio Greenville, SC
Big Blue Marble NNN Portfolio Greenville, SC

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