1000 Wyndgate Ridge Dr - Day Care Center FOR SALE


Lake Saint Louis, MO 63367
$3,201,000 USD
312-240-0162
1000 Wyndgate Ridge Dr, Lake Saint Louis, MO for Sale
$3,201,000 USD
Day Care Center - FOR SALE
1/5
null | 7% Cap Rate

1000 Wyndgate Ridge Dr
Lake Saint Louis, MO 63367


HIGHLIGHTS

  • Lease is guaranteed by O2B Early Education Holding, Inc., a top early childhood education operator with 50+ units nationally & annual revenue of $65M+
  • The Property benefits from its location in St. Charles County, the #1 wealthiest and fastest growing county in the state of Missouri for 30+ years
  • Average household income of $152,455 within 1 mile of the Property, and population of 244,100 within 10 miles.
  • The Property is surrounded by dense residential rooftops in the path of growth with 2,720+ new construction homes in a 2-mile radius
  • The Property was top performing Bright Start Academy operating at full capacity before the recent acquisition & re-brand to O2B kids in September 2023
  • New 20-year lease offers long-term cash flow, with two five-year extension options immediately following the Base Term

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,201,000 USD

PRICE/SF

$419 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O2B Kids - Lake St. Louis, MO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

-

APN/PARCEL ID

4-0066-9972-OL-000A.0000000

ASK ABOUT THIS PROPERTY

Brandon DuffNorthmarqMore Info
312-240-0162

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Brandon DuffNorthmarqMore Info
312-240-0162

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.