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 15-year base lease term, the tenant has two, five-year options to renew with the same rent increase structure annually.
Corporate Guaranty from Top 15 Operator in the Country (75+ Locations)
– O2B Kids! is one of Top 15 Corporate childcare companies in the country.
– O2B Kids! currently operates over 75 locations across five states.
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 160,000 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 is expected to see population growth over the next five years, supporting steady household formation with an approximate 20,400 additions.
– 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.
