2998 Technology Dr Lake Saint Louis, MO 63367-4143
- Day care centers
- 6,352 SF
- 2.04 lot acres
Current Use by Public Records
- Day care centers
Property Details for 2998 Technology Dr
- Year built
- 2000
- Lot size
- 2.04 lot acres
- Property size
- 6,352 SF
- Property type
- Day care centers
- APN
- 4-0032-8316-00-0001.0000000
- APU
- 9223372036854775807
Description
This exceptional investment opportunity presents a fee-simple ownership of a 6,352-square-foot daycare center in Lake St. Louis, Missouri. The property, built in 2000 and situated on a 2.04-acre lot, is currently operating at 100% occupancy under a 15.1-year absolute NNN lease with Kids & Company, a leading childcare provider with over 150 locations across North America. The lease commenced May 12, 2023, and expires May 31, 2038, leaving a substantial 13.5 years remaining. Rent increases are structured at 2% annually, providing consistent income growth. The property boasts a strong 6.75% cap rate and a net operating income (NOI) of $185,245. The tenant, Kids & Company, is backed by a significant corporate guarantor, mitigating risk. The property enjoys a prime location near Interstate 64, with high visibility and convenient access. Its proximity to Green Tree and Prairie View Elementary Schools, along with nearby major retailers like Walmart, Target, and Lowe's, ensures strong demand and a stable tenant base. The area demonstrates high average household incomes exceeding $150,000 within a one-mile radius, projected to increase further. Lease options include 3 and 5-year extensions. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,460,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,725,000
- 6.5%
- $2,295,000
- 7%
- $2,350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,810,000
- Geo Method
- $2,410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,015,000
- Retail
- $2,555,000
- Mixed-Use
- $2,390,000
- Hospitality
- $2,465,000
- Educational
- $2,915,000
- Residential Income
- $2,685,000
- Energy
- $2,940,000
- Income-Based Land
- $2,500,000
- Food Service
- $2,215,000
Location Insight
- Map
- Local Demand
- City
- Lake Saint Louis
- County
- St. Charles
- State
- Missouri
- Longitude
- -90.7808
- Latitude
- 38.7751
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
