13+ Years Remaining on a 15-Year Lease
– O2B Kids! Signed a new 15-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! 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.
Corporate Guaranty from Top 15 Operator in the Country (60+ Locations, with 20+ in Pipeline)
– O2B Kids! is one of Top 15 Corporate childcare companies in the country.
– O2B Kids! currently operates over 59 locations across five states, with 20 more locations in the pipeline.
Spire Capital Invests $245 Million to Expand O2B Kids!
– In 2018, O2B became a portfolio company under Spire Capital Partners, receiving a $245 million investment to expand its existing school operations, proprietary curriculum and technology management system.
– Three Spire executives joined O2B’s Board of Directors as part of the partnership.
– Since its inception in 2000, Spire has managed over $1 billion of committed capital and has completed.
– 32 platform investments and over 115 add-on acquisitions.
Densely Populated Area with Over 225,000 People in 5-Miles
– Known for its iconic Gateway Arch, the St. Louis metro is situated near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and it has nearly 2.8
million residents.
– The metro encompasses the city of St. Louis; the Missouri counties of St. Charles, Jefferson, Franklin, St. Louis, Lincoln, Warren and Washington; and the Illinois counties of Madison, St. Clair, Macoupin, Clinton, Monroe, Jersey, Bond and Calhoun.
