O2B Kids - Lake St. Louis, MO | 1000 Wyndgate Ridge Dr
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O2B Kids - Lake St. Louis, MO 1000 Wyndgate Ridge Dr
7,634 SF Retail Building Lake Saint Louis, MO 63367 $4,610,464 CAD ($604 CAD/SF) 7% Cap Rate
Investment Highlights
- Lease is guaranteed by O2B Early Education Holding, Inc., a top early childhood education operator with 50+ units nationally & annual revenue of $65M+
- Average household income of $152,455 within 1 mile of the Property, and population of 244,100 within 10 miles.
- The Property was top performing Bright Start Academy operating at full capacity before the recent acquisition & re-brand to O2B kids in September 2023
- 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
- The Property is surrounded by dense residential rooftops in the path of growth with 2,720+ new construction homes in a 2-mile radius
- New 20-year lease offers long-term cash flow, with two five-year extension options immediately following the Base Term
Executive Summary
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.
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.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Centre
Building Size
7,634 SF
Building Class
B
Year Built/Renovated
2006/2023
Price
$4,610,464 CAD
Price Per SF
$604 CAD
Cap Rate
7%
NOI
$322,649 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.40 AC
Parking
39 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
230 ft on Wyndgate Ridge Drive
PROPERTY TAXES
| Parcel Number | 4-0066-9972-OL-000A.0000000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $514,718 CAD |
PROPERTY TAXES
Parcel Number
4-0066-9972-OL-000A.0000000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$514,718 CAD
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O2B Kids - Lake St. Louis, MO | 1000 Wyndgate Ridge Dr
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