4621 St Peters Pkwy St. Peters, MO 63304
- Day care centers
- 7,860 SF
- 1.47 lot acres
Current Use by Public Records
- Day care centers
Property Details for 4621 St Peters Pkwy
- Year built
- 2013
- Lot size
- 1.47 lot acres
- Property size
- 7,860 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple, single-tenant daycare center in St. Peters, Missouri. The property, totaling 7,860 square feet, is situated on a 1.47-acre lot and boasts a 100% occupancy rate since its opening on May 12, 2023. The property features a single-story building constructed in 2013, operating under a 15.1-year absolute NNN lease with Kids & Company, a leading childcare provider with over 150 locations across North America. The lease, commencing May 12, 2023, and expiring May 31, 2038, includes a corporate guarantee and features 2% annual rent bumps. The current Net Operating Income (NOI) stands at $229,224, yielding a 6.75% cap rate. The property benefits from a prime location near MO-94, with excellent visibility and proximity to schools and major retailers, including Target, Home Depot, and Chick-fil-A. The surrounding area exhibits strong demographics, with an average household income exceeding $127,000 within a 3-mile radius and a projected growth of 11.53% by 2028. The lease offers renewal options of 3 and 5 years. This investment offers a stable, long-term income stream with significant upside potential in a thriving community. The property's address is 4621 N St Peters Pkwy, St. Peters, MO 63304.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Peters
- County
- St. Charles
- State
- Missouri
- Longitude
- -90.6143
- Latitude
- 38.7411