Elevate Youth Development of Charleston – Charleston, SC

Elevate Youth Development
2029 Wambaw Creek Road, Charleston, SC 29492, USA

Sands Investment Group is pleased to exclusively offer for sale the 16,000 SF Elevate Youth Development of Charleston NNN Asset located at 2029 Wambaw Creek Road in Charleston, SC. This offering presents a rare opportunity to acquire a newly built 16,000 SF gymnastics facility, secured by a brand-new 15-year Triple Net (NNN) Lease with Elevate Youth Development. The lease structure ensures long-term, passive income from a strong and stable tenant, making this an attractive and secure investment opportunity.

  • Fully Leased, Triple Net (NNN) Youth Development Investment: Rare opportunity to acquire the 16,000 SF Gymnastics Academy of Charleston operating under a brand-new 15-year, Triple Net (NNN) Lease with Elevate Youth Development, providing long-term, passive income from a stable tenant.
  • Prime Demographics Driving Demand: Located in a high-income area with over 41,000 residents within a 5-mile radius, earning an average household income exceeding $141,000 — an ideal environment for youth enrichment and extracurricular services.
  • Established and Respected Operation: Home to the well-regarded Gymnastics Academy of Charleston, a trusted name in youth athletics for nearly 20 years with a track record of excellence, accolades, and strong community loyalty. Operated by Elevate Youth Development, a 3-unit operator of gymnastics and youth sports complexes in the Southeast.
  • Modern Construction with Attractive Fundamentals: Built in 2017, the facility is in excellent condition and purpose-built for youth development; Elevate Youth Development occupies 100% of the building, ensuring single-tenant simplicity for ownership.
  • Below-Market Pricing Per Square Foot: Offered at just $212 per SF — significantly below replacement cost and market comps for similar Triple Net (NNN) Lease investments — presenting an attractive value proposition for investors.
  • The Gymnastics Academy of Charleston: Clements Ferry facility is the premier gymnastics and tumbling facility in the Low Country. The gym is a 16,000 SF air-conditioned facility with AAI equipment specific for training the four Olympic events and additional mats for drills and progressions to learn specific skills.

 

In Cooperation With Sands Investment Group Charleston, LLC – Lic. #20891 BoR: Chris Sands – Lic. SC #93103

Elevate Youth Development
2029 Wambaw Creek Road, Charleston, SC 29492, USA

ELEVATE YOUTH DEVELOPMENT

Elevate Youth Development is a partnership-driven organization dedicated to empowering local business owners and instructors in the youth enrichment space. By providing full back-office support—including marketing, payroll, HR, accounting, and tax services—Elevate enables its partners to focus on delivering high-quality programming while protecting their brand, legacy, and teams. Co-founded by Louisville natives Cole Finke and David Rubenstein, both Harvard Business School graduates with deep experience in private equity and lifelong involvement in youth sports and education, the organization’s mission is to build a premier network of youth development companies that positively impact children, families, and communities for generations.

Price

$3,400,000

Cap Rate

7.60%

PREMISES

16,000 SF

RENEWAL OPTIONS

2 x 5 Years Options

Lease Expiration

08/28/2040

Lease Type

NNN

RENTAL INCREASES

3% Annually

BROKERS

List with SIG

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