157 Hughes LnSaint Charles, MO 63301

Property Details for 157 Hughes Ln

Year built

1997

Lot size

0.96 AC

Property size (Sq ft)

5,733 SF

Zone code

AB9

Property type

Day care centers & nurseries

APN

5-0124-7637-00-0001.0000000

APU

9223372036854775807

Description

This exceptional investment opportunity presents a fee-simple interest in a 5,733 square foot daycare center in St. Charles, MO, fully leased to O2B Kids under a 20-year NNN lease commencing September 1, 2023, and expiring August 31, 2043. The lease includes two 5-year option periods, each requiring six months' notice, and features 2.00% annual rent increases. The property boasts a 7.25% cap rate and a strong NOI of $168,230, with a current occupancy of 100%. The tenant, O2B Kids, is a leading provider of early childhood education services, operating 50+ sites nationally, and is backed by a corporate guarantee. The building, constructed in 1997 and renovated in 2023, sits on a 0.96-acre lot and includes 16 parking spaces. The property is zoned I-1 (Light Industrial District) within the City of St. Charles and benefits from its location near Highway 370, offering excellent visibility and accessibility. The lease structure is advantageous to the landlord, with the tenant responsible for most maintenance and repairs, including the roof (excluding structural trusses). The landlord's responsibility is limited to the foundation and structure. This investment offers significant long-term stability and growth potential in a thriving market with high demand for childcare services. The asking price is $2,321,000, translating to a price per square foot of $404.85.

• CAP approach

  CAP return

  Valuation

  6%

  $1,499,304

  6.5%

  $1,383,973

  7%

  $1,285,118

• Comparable approach

  Method

  Valuation

  Relative Method

  $513,986

  Geo Method

  $513,986

• Alternative Use

  Use

  Valuation

  Residential

  $1,755,628

  Hospitality

  $1,608,146

  Educational

  $1,337,959

  Medical

  $1,383,973

  Retail

  $2,081,269

Location Insight

City

Saint Charles

County

St. Charles

State

Missouri

Latitude

38.814

Longitude

-90.4761

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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