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Kids & Company (150+ Locations)- St. Louis MO MSA

Retail | 6.88% CAP | 7,860 SF | Abs. NNN Lease | Full Duration Corporate Guaranty

Listing Contacts

Active

Asking Price: $3,395,911
Listing Broker NameBrett Butler
Address 

4621 N St Peters Pkwy, St. Peters, MO 63304

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Date Added
Aug 20, 2024
Days on Market
211 days
Time Since Last Update
26 days

Details

Property TypeRetail
SubtypeDay Care/Nursery
Investment TypeNet Lease
Lease TypeAbsolute NNN
Tenant CreditCorporate Guarantee
TenancySingle
Brand/TenantKids & Company
Lease Term15.1 years
Lease Commencement05/12/2023
Lease Expiration05/31/2038
Remaining Term13.2 years
Square Footage7,860
Cap Rate6.88%
Occupancy100%
Occupancy Date05/12/2023
NOI$233,808
Year Built2013
Buildings1
Stories1
Lot Size (acres)1.47
Rent Bumps2% annually
Broker Co-OpYes
Lease Options3, 5-year
Ground LeaseNo
OwnershipFee Simple (Land & Building)

Marketing Description

Northmarq is pleased to exclusively offer for sale a single-tenant early education property operating as "ABC Daycare & Learning Centers, by Kids & Co.​" in St.​ Peters, MO.​ There are approximately 13+ years remaining on a corporate, absolute NNN lease with 2% annual rental increases and a corporate guaranty from Kids & Company, Ltd.​ who is a leading childcare and early learning provider with over 150 locations across Canada and the U.​S.​

The Property is located just off MO-94 (33K+ VPD) with access from North St.​ Peters Parkway.​ Hollenbeck Middle School and Central Elementary School are one street over from the Property.​ Due to proximity to MO-90 and the elementary and middle schools less than a mile from the property, this property provides an extremely convenient location for workers, residents, and commuters.​ This Kids & Company is also located near a large retail center with national tenants such as Chick-fil-A, Target, Raising Cane's, Home Depot, Petco, CVS, and more.​ This area boasts an impressive expected average household income of $127K+ (Projected to grow by 11.53% by '28) within a 3-mile radius.​ Population counts are excellent as well, with 161k+ within a 5-mile radius of the property.​

Investment Highlights

  • 150+ Location Corporate Operator, 20+ Years in Operation, Strong Financials

  • Parent Company Operates 750+ Locations Globally

  • Corporate Lease w/ Full Corporate Guaranty (Duration of Lease, No Burn Off/)

  • 13+ Year Abs. NNN Lease w/ 2% Annual Increases  

  • Profitable & Established Location in Operation Since 1990s

  • Population Counts Exceed 161k within 5 miles, Excellent Avg. HH Income $127k+

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$233,808.00
$19,484.00/mo

Valuation Metrics

0
DSCR
6.88%
Cap Rate
6.88%
ROI
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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Broker Name
Brett Butler
Broker License
MO Lic. #2014014142
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