OFFERING SUMMARY:

PRICE: $3,495,000
CAP RATE: 6.65%
NOI: $232,405
BUILDING SIZE: 7,920 Sq Ft
YEAR BUILT | RENOVATED: 2002 | 2023
LOT SIZE: +/- 1.07 Acres

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HIGHLIGHTS:

  • 19+ Years Remaining on a 20-Year Lease – O2B Kids! Signed a new 20-year lease at the subject property in 2023. The lease has no day-to-day landlord responsibilities and offers 2.00% annual increases in rent. In addition to the 20-year base lease term, the tenant has two, five-year options to renew with the same rent increase structure annually. 
  • O2B Kids! (47+ Locations) – Top 15 Corporate Operator – O2B Kids! is one of Top 15 Corporate child care companies in the country. O2B Kids! is a place that opens minds, improves self-confidence, develops social skills, and strengthens bodies. O2B Kids! helps children discover hidden talents and promotes a passion for discovery. Friendships are developed and life lessons are learned. O2B Kids encourages kids to try new things and teaches a respect for people, property and ideas. O2B Kids! currently operates over 47 locations across three states. 
  • O2B Kids! Acquired an Existing 6-Unit Operator (Bright Start Academy) in 2023 – The subject property had been operating as a Bright Start Academy child care facility, prior to O2B Kids! acquiring the operating business in 2023. Unlike a brand new construction property, O2B Kids! assumed all of the existing enrollment and revenue production that the former operator had built up over years of being in operation. This will allow for O2B Kids! to be profitable at a far more rapid pace than a brand new construction location. 
  • Largest Suburb of St. Louis with over 100,000 People in 5 Miles – O’Fallon is a prominent city situated in St. Charles County, Missouri, United States. Established in 1856, it lies within the St. Louis metropolitan statistical region and is strategically positioned between Lake St. Louis and St. Peters along Interstates 64 and 70. Not only is O’Fallon the largest suburb of St. Louis, but it also stands as the most populous city in St. Charles County and ranks as the seventh-largest in Missouri. 

EXCLUSIVELY LISTED BY:

DOMINIC SULO
Senior Managing Director Investments
Senior Director, Net Lease Properties Division
(630) 570-2171
dominic.sulo@marcusmillichap.com

MISSOURI BOR
David Saverin
Lic #2008013520