For Sale
$3,201,000

1000 Wyndgate Rdg Dr Lake Saint Louis, MO 63367

7.00% Cap Rate, 20-Year NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fee-simple interest in a 7,634 square foot, single-tenant daycare facility located at 1000 Wyndgate Ridge Dr, Lake St. Louis, MO 63367. The property boasts a newly signed 20-year net lease with O2B Kids, a leading national provider of early childhood education services, with a corporate guarantee. The lease commenced September 1, 2023, and expires August 31, 2043, offering a remaining term of approximately 18.8 years. The lease includes 2.00% annual rent increases, providing a strong hedge against inflation. Two 5-year option periods are also included, each requiring six months' notice. The tenant is responsible for all maintenance and repairs, except for the building's foundation and structure. The property sits on a 1.4-acre lot and features 42 parking spaces. Built in 2006 and renovated in 2023, this all-brick building is situated in a prime location within the Wyndgate Village development, an affluent area with high average home values and significant population growth. The property's strong financial performance is reflected in its 7.00% cap rate and a net operating income (NOI) of $224,012. The asking price is $3,201,000, resulting in a price per square foot of $419.31. The property is zoned R-1 by the City of O'Fallon. This investment offers exceptional long-term stability and significant growth potential within a thriving market.

Highlights

  • O2B Kids corporate lease guarantee.
  • Strong operating history; previously a top-performing Bright Start Academy.
  • Located in an affluent, rapidly growing market with high household incomes and significant population growth.
  • 20-year triple-net (NNN) lease; tenant responsible for most repairs.
  • Excellent location surrounded by new residential development.
  • Situated at the entrance to a high-value residential community.

Property Details for 1000 Wyndgate Rdg Dr

Property type
Day care centers & nurseries, Retail properties
Square Feet
7,634 SF
Year Built/Renovated
2006/2023
Buildings
1
Lot Size (sq. ft)
60,984 SF
Units
1

Location Insight

City
Lake Saint Louis
County
St Charles
State
Missouri
Latitude
38.7593367
Longitude
-90.8106173
1000 Wyndgate Rdg Dr, Lake Saint Louis, Missouri

FAQs

What type of property is this?
Day care center & nursery - 7.00% Cap Rate, 20-Year NNN Lease
Where is the day care center & nursery located?
The property is located at 1000 Wyndgate Rdg Dr Lake Saint Louis, MO.
What is the asking price?
The asking price for this property is $3,201,000.
What are key features of this property?
This property features: O2B Kids corporate lease guarantee.; Strong operating history; previously a top-performing Bright Start Academy.; Located in an affluent, rapidly growing market with high household incomes and significant population growth.
How can I contact the broker?
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1000 Wyndgate Rdg Dr
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