2998 Technology DrLake Saint Louis, MO 63367

Property Details for 2998 Technology Dr

Year built

2000

Lot size

2.04 AC

Property size (Sq ft)

6,352 SF

Property type

Day care centers & nurseries

APN

4-0032-8316-00-0001.0000000

APU

9223372036854775807

Description

This exceptional investment opportunity presents a fee-simple ownership of a 6,352-square-foot daycare center in Lake St. Louis, Missouri. The property, built in 2000 and situated on a 2.04-acre lot, is currently operating at 100% occupancy under a 15.1-year absolute NNN lease with Kids & Company, a leading childcare provider with over 150 locations across North America. The lease commenced May 12, 2023, and expires May 31, 2038, leaving a substantial 13.5 years remaining. Rent increases are structured at 2% annually, providing consistent income growth. The property boasts a strong 6.75% cap rate and a net operating income (NOI) of $185,245. The tenant, Kids & Company, is backed by a significant corporate guarantor, mitigating risk. The property enjoys a prime location near Interstate 64, with high visibility and convenient access. Its proximity to Green Tree and Prairie View Elementary Schools, along with nearby major retailers like Walmart, Target, and Lowe's, ensures strong demand and a stable tenant base. The area demonstrates high average household incomes exceeding $150,000 within a one-mile radius, projected to increase further. Lease options include 3 and 5-year extensions. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,557,134

  6.5%

  $1,437,355

  7%

  $1,334,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $569,482

  Geo Method

  $569,482

• Alternative Use

  Use

  Valuation

  Residential

  $1,823,345

  Hospitality

  $1,670,174

  Educational

  $1,389,565

  Medical

  $1,437,355

  Retail

  $2,161,546

Location Insight

City

Lake Saint Louis

County

St. Charles

State

Missouri

Latitude

38.7751

Longitude

-90.7808

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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