4621 St Peters PkwySt. Peters, MO 63304

Property Details for 4621 St Peters Pkwy

Year built

2013

Lot size

1.47 AC

Property size (Sq ft)

7,860 SF

Property type

Day care centers & nurseries

Property subtype

Retail properties

Description

This exceptional investment opportunity presents a fee-simple, single-tenant daycare center in St. Peters, Missouri. The property, totaling 7,860 square feet, is situated on a 1.47-acre lot and boasts a 100% occupancy rate since its opening on May 12, 2023. The property features a single-story building constructed in 2013, operating under a 15.1-year absolute NNN lease with Kids & Company, a leading childcare provider with over 150 locations across North America. The lease, commencing May 12, 2023, and expiring May 31, 2038, includes a corporate guarantee and features 2% annual rent bumps. The current Net Operating Income (NOI) stands at $229,224, yielding a 6.75% cap rate. The property benefits from a prime location near MO-94, with excellent visibility and proximity to schools and major retailers, including Target, Home Depot, and Chick-fil-A. The surrounding area exhibits strong demographics, with an average household income exceeding $127,000 within a 3-mile radius and a projected growth of 11.53% by 2028. The lease offers renewal options of 3 and 5 years. This investment offers a stable, long-term income stream with significant upside potential in a thriving community. The property's address is 4621 N St Peters Pkwy, St. Peters, MO 63304.

Location Insight

City

St. Peters

County

St. Charles

State

Missouri

Latitude

38.7411

Longitude

-90.6143

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