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OFFERING SUMMARY

  • Location: O'Fallon, MO
  • Address: 864 Homefield Blvd O’Fallon, MO 63366
  • Price: $3,321,000
  • Cap Rate: 7.00%
  • Building SF: 7,920 Sq Ft
  • Net Operating Income: $232,405
  • Year Built: 2002
  • Lot Size: +/- 1.07 Acres

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Marketing Package

EXCLUSIVELY LISTED BY:

DOMINIC SULO

Senior Managing Director Investments

INVESTMENT 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-today 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.