Listed by Marcus & Millichap - Chicago Oak Brook, SRS Real Estate Partners San Diego
$5,936,000
o2b Kids! - Wentzville, MO (St. Louis MSA)
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 10,974
Cap Rate 7%
NOI $415,490
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 17.1
Lease Expiration 08/31/2039
Remaining Term 13.2
Rent Bumps Yes
Lease Options Two, Five-Year
Broker Co-Op True
Year Built 2024
Acreage 1.340
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/13/2022
Ground Lease No
Ownership Fee Simple
New 2024 Construction | 13+ Year Remaining | 2.00% Annual Increases | Corp Guaranty (75+ Locations)
Investment highlights
13+ Years Remaining with 2.00% Annual Increases in Rent
- O2B Kids! signed a 15-year lease, offering long-term cash flow through August 2039 with two, five-year extension options immediately following the Base Term.
- Aside from structure and foundation, the tenant is responsible for all maintenance as well as real estate taxes, insurance, common areas, utilities, etc making this a prime opportunity for out-of-state investors.
- 2.00% annual rental increases provide contractual rent growth for the remainder of the base lease term and the two, five-year option periods.
Corporate Guaranty from Top 15 Operator in the Country (75+ Locations)
- O2B Kids! is a Top 15 Corporate childcare companies in the country.
- O2B Kids! currently operates over 75 locations across five states.
- 14th largest childcare brand by number of locations with $119 million in 2024 reported annual revenue.
St. Louis MSA – 2,800,000+ People
- The St. Louis Metropolitan Statistical Area (MSA) has an estimated population of 2,814,421 people. It spans 15 counties across both Missouri and Illinois. It ranks as the 23rd-most populous metropolitan area in the United States.
- St. Louis is highly ranked for its logistics infrastructure, bolstered by its central location and easy access to major waterways. It is a significant inland port.
- The region is emerging as a large financial services center, with seven Fortune 500 companies headquartered there: Centene Corp., Emerson Electric, Reinsurance Group of America, Jones Financial, Graybar Electric, Post, and Core & Main.
Over $67,000,000 Spent on Education and Daycare in a 5-Mile Radius
- A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.
- Participants in early childhood programs, including Tulsa’s universal pre-K program, are more likely to enroll in college and potentially experience higher earnings in adulthood.
Listing Contacts
Listed by Marcus & Millichap - Chicago Oak Brook, SRS Real Estate Partners San Diego
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$415,490.00
$34,624.17/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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