157 Hughes LnSaint Charles, MO 63301

For Sale
$2,321,000

High-yield, NNN-leased daycare center.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • O2B Kids corporate lease guarantee; 50+ units, $65M annual revenue.
  • Successful operating history; previously a top-performing Bright Start Academy.
  • Affluent, rapidly growing market; $102,601 average household income (1-mile radius), 15%+ population growth (3-mile radius) projected 2010-2028.
  • 20-year NNN lease; tenant responsible for roof (excluding structural trusses), landlord responsible for structure.
  • Ideal early childhood education location; near Boeing and other employers, within a dense residential area.
  • High-traffic location; immediately off Highway 370 interchange (67,000+ vehicles per day).

Property Details for 157 Hughes Ln

Property type
Day care centers & nurseries, Other retail properties
Square Feet
5,733 SF
Year Built/Renovated
1997/2023
Buildings
1
Lot Size (sq. ft)
41,818 SF
Units
1

Location Insight

City
Saint Charles
County
St Charles
State
Missouri
Latitude
38.8140637
Longitude
-90.4760787
157 Hughes Ln, Saint Charles, Missouri

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157 Hughes Ln
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