1000 Wyndgate Rdg DrLake Saint Louis, MO 63367

Property Details for 1000 Wyndgate Rdg Dr

Year built

2006

Lot size

1.40 AC

Property size (Sq ft)

7,634 SF

Property type

Day care centers & nurseries

Property subtype

Retail properties

Description

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.

Location Insight

City

Lake Saint Louis

County

St Charles

State

Missouri

Latitude

38.7593

Longitude

-90.8106

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