Listed by Sands Investment Group Philadelphia
$7,386,667
The Goddard School - Chesterfield MO
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 37,403
Cap Rate 7.5%
NOI $554,000
Occupancy 100%
Tenancy Single
Brand/Tenant The Goddard School
Lease Type NNN
Lease Term 15
Lease Expiration 02/28/2041
Remaining Term 14.7
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Price per SqFt $197
Year Built 1969
Year Renovated 2022
Acreage 10.260
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/01/2026
15-Year NNN | The Goddard School - St. Louis MSA | 2% Annual Increases
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 37,403 SF The Goddard School located at 1633 Kehrs Mill Road in Chesterfield, MO. This offering includes a brand-new 15-year Triple Net (NNN) Lease commencing March 2026 with minimal landlord responsibilities. Tenant covers HVAC, parking area, taxes, insurance, maintenance, and utilities and roof repairs up to $5,000, providing a stable and passive investment opportunity.
Investment highlights
- Long-Term Triple Net (NNN) Lease: Brand new 15-year Triple Net (NNN) Lease commencing March 2026 with minimal landlord responsibilities. Tenant is responsible for the parking area, HVAC, taxes, insurance, maintenance, and utilities. Roofs were replaced in 2020 (gym building) and 2022 (main school building).
- Attractive Built-In Rent Growth: Lease features 2% annual rent increases, providing consistent organic income growth throughout the primary term and option periods.
- Stable Early Education Tenant: Leased to The Goddard School, one of the leading national early childhood education franchises with a long operating history and strong brand recognition in the childcare sector.
- Long-Term Cash Flow Visibility: 15 years of primary term remaining with four additional 5-year renewal options, creating potential for 35+ years of tenancy.
- Affluent St. Louis Suburban Market: Chesterfield, MO, is one of the most affluent suburbs in the St. Louis metropolitan area, with a strong median household income (in excess of $130,000 annually) and population growth.
Listing Contacts
Listed by Sands Investment Group Philadelphia
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$554,000.00
$46,166.67/mo
Valuation Metrics
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DSCR
7.5%
Cap Rate
7.5%
ROI
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