Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the fee simple interest in the single-tenant, early childhood education facility located at 1000 Wyndgate Ridge Drive in Lake St. Louis, MO. The Property is fully leased to O2B Kids Early Education Holding, Inc. DBA O2B Kids, and corporately guaranteed by O2B Early Education Holding, Inc. O2B is a leading provider of early childhood education services and operates 50+ sites nationally with annual revenue of over $65 million. O2B plans to open at least 33 new locations within the next 5 years as part of their continuing expansion plans. O2B guarantees the entirety of the lease term and option periods with no “burn off”, a rarity in the early childhood education space offering longterm stability and credit strength, especially as O2B continues to grow their footprint.
O2B is operating under a newly signed 20-year lease. The lease is NNN, with Landlord responsible for foundation and structure only. Tenant is responsible for all else, including the maintenance, repair, and replacement of the roof (except for structural trusses), leaving Landlord with extremely limited obligations. The lease features 2.00% annual rental increases, providing a hedge against inflation and a boost to long-term cash flow.