2998 Technology Dr - Day Care Center FOR SALE
Lake Saint Louis, MO 63367 |
$2,753,000 USD
650-678-7200
2998 Technology Dr
Lake Saint Louis, MO 63367
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.
OVERVIEW
Over 11 years remain on this absolute net Kids & Company lease that features 2% annual rental increases and a corporate guaranty from the tenant’s international parent company – Kids & Company, Ltd. The financials backing the guaranty are extremely strong – in FY 2023, Kids & Company Ltd. reported revenues of over $225 million and an EBITDA of over $35 million.
FOR SALE DETAILS
PRICE
$2,753,000 USD
PRICE/SF
$433 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kids & Company
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.11 AC
LAND SF
91,912 SF
ZONING
Commercial
APN/PARCEL ID
4-0032-8316-00-0001.0000000
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650-678-7200
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650-678-7200
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