Renovated Day Care NNN
1050 Eastgate Dr O Fallon, IL 62269
1050 Eastgate Dr, O Fallon, IL, 62269
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For Sale
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6,725-square-foot La Petite Academy building on a 1.29-acre lot with NNN lease expiring December 31, 2028.
Property Size6,725 SF
Lot Size1.29 Acres
Days on Market102
Property Features for 1050 Eastgate Dr
General Information
- Standard status
- Active
- Size
- 6,725 SF
- Lot size
- 1.29 Acres
- Property subtype
- Retail
Listing agency
Preschool Exchange
Listed by
Eunice Kim · License #TX: 755678
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 4:48PM Checked: Jul 21 at 4:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Preschool Exchange
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present the fee simple acquisition opportunity for a La Petite Academy day care property. The building was constructed in 1989 and was recently renovated, including a complete interior and exterior renovation in 2019 with HVAC, roof, and parking lot improvements. The offering is leased on a NNN basis to La Petite Academy under a 7-year and 6-month term signed in June 2021, expiring December 31, 2028, with four, five-year options to extend.
The property is located on East Gate Drive, approximately 0.2 miles from U.S. Highway 50. Traffic is reported at over 22,100 vehicles per day. Scott Air Force Base is less than 5 miles away and employs over 13,000 people.
Learning Care Group provides strong corporate backing for the tenant. The tenant is currently paying rent and is expecting to open its doors this winter.
The property is located on East Gate Drive, approximately 0.2 miles from U.S. Highway 50. Traffic is reported at over 22,100 vehicles per day. Scott Air Force Base is less than 5 miles away and employs over 13,000 people.
Learning Care Group provides strong corporate backing for the tenant. The tenant is currently paying rent and is expecting to open its doors this winter.
Key Highlights
- La Petite Academy fee simple ownership: 6,725 SF building on a 1.29‑acre lot at 1050 Eastgate Drive, O’Fallon, IL
- 7‑year, 6‑month NNN lease signed June 2021 with expiration on December 31, 2028; four (4) five‑year extension options
- 2019 complete renovation inside and out, including HVAC, roof, and parking lot
Property Analytics
Location Intelligence
Current Use by Public Records
La Petite Academy ...
Daycare Center
La Petite Academy ...
Daycare Center
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FAQs
What type of property is this?
Day care center - 6,725-square-foot La Petite Academy building on a 1.29-acre lot with NNN lease expiring December 31, 2028.
Where is this day care center located?
The property is located at 1050 Eastgate Dr O Fallon, IL.
What are key features of this property?
This property features: La Petite Academy fee simple ownership: 6,725 SF building on a 1.29‑acre lot at 1050 Eastgate Drive, O’Fallon, IL; 7‑year, 6‑month NNN lease signed June 2021 with expiration on December 31, 2028; four (4) five‑year extension options; 2019 complete renovation inside and out, including HVAC, roof, and parking lot
