4300 Rainbow Trout DrColumbia, MO 65203

  • Day care centers & nurseries
  • 7,330 SF
For Sale
$4,016,000 View listing

Property Details for 4300 Rainbow Trout Dr

Year built
2010
Lot size
1.47 AC
Property size (Sq ft)
7,330 SF
Zone code
R1
Property type
Day care centers & nurseries
APN
16-412-00-03-001.00 01
APU
1641200030010001

Description

This exceptional investment opportunity presents a fee-simple interest in a 8,700 square foot, single-tenant daycare facility located at 4300 Rainbow Trout Drive, Columbia, MO, 65203. The property, built in 2011 and renovated in 2023, sits on a 1.47-acre lot and boasts 31 parking spaces. Currently 100% occupied by O2B Kids, a leading early childhood education provider with 50+ national locations and over $65 million in annual revenue, the property is under a new 20-year NNN lease commencing September 1, 2023, and expiring August 31, 2043. The lease includes a corporate guarantee, offering significant credit strength and long-term stability. Annual rent increases of 2.00% are built into the lease, providing a hedge against inflation. The lease also features two 5-year option periods, each requiring six months' notice. Landlord responsibilities are limited to foundation and structure, with the tenant responsible for all other maintenance and repairs, including the roof (excluding the structure). The property is zoned M-OF (Mixed Use – Office) within the City of Columbia and enjoys a prime location near the University of Missouri and affluent residential neighborhoods. The asking price is $4,016,000, representing a 7.00% cap rate and a price per square foot of $461.61. The Net Operating Income (NOI) is $281,120. This is a rare opportunity to acquire a high-quality, long-term net lease investment with a strong tenant and significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,701,541
    6.5%
    $1,570,653
    7%
    $1,458,464
  • Comparable approach

    Method
    Valuation
    Relative Method
    $657,164
    Geo Method
    $657,164
  • Alternative Use

    Use
    Valuation
    Residential
    $1,992,440
    Hospitality
    $1,825,064
    Educational
    $1,518,432
    Medical
    $1,570,653
    Retail
    $2,362,006

Location Insight

City
Columbia
County
Boone
State
Missouri
Latitude
38.9439
Longitude
-92.3999
CBSA code
17860
CBSA name
COLUMBIA, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,971
$51,225
$222,336
$273,561
-
$160,080
$694,800
$854,880

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