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2998 Technology Dr
Lake Saint Louis, MO 63367 Lake Saint Louis

$2,753,000 USD

Daycare Center For Sale  •  6,352 SF

Property Details

  • Property Type Daycare Center
  • Total Building Size 6,733 SF
  • Lot Size 2.11 AC
  • Building Class B
  • Year Built 2000
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning Commercial
40 Walk Score

Highlights

Strong Lease Fundamentals: Over 11 years remaining on absolute net lease featuring 2% annual rental increases
Significant Corporate Backing: Corporate guaranty from tenant’s international parent company, Kids & Company, Ltd. (see below)
Excellent Intrinsics: Low rent ($28/SF) and price per foot ($408) vs. new construction daycare properties
Highway Proximity: Subject property located on Technology Drive which runs directly adjacent to I-64 (66,000+ VPD)
Excellent Financials: Kids & Company, Ltd. reported over $225 million in revenues in FY 2023, which included an EBITDA over $35 million
International Brand Recognition: Kids & Company operates 100+ centers across Canada; its U.S. sister operator, Inspire Early Education, runs 60+ U.S.

Property Flyers

Cap Rate: 7.00 %

Public Transportation

AirportDriveWalkDistance
St Louis Lambert International 41 min - 29.7 mi
John Andreini 650-678-7200 CP Partners CRE
John Andreini 650-678-7200 CP Partners CRE