2998 Technology Dr Lake Saint Louis, MO 63367-4143
Property profile & analytics
2998 Technology Dr Lake Saint Louis, MO 63367-4143
- Day care centers
- 6,352 SF
- 2.04 lot acres
Property ID
US48-0985456
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,460,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,415,000
Get a detailed, property-specific estimation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$0.00
$0.00
$369,573
-
$306,574
$848,340
$1,154,914
