9640 Midland Blvd Overland, MO 63114
- Day care centers
- 6,300 SF
- 0.77 lot acres
Current Use by Public Records
- Day care centers
Property Details for 9640 Midland Blvd
- Year built
- 1998
- Lot size
- 0.77 lot acres
- Property size
- 6,300 SF
- Property type
- Day care centers
Description
This exceptional investment opportunity presents a fee-simple ownership of a 6,300 square foot daycare center in Overland, Missouri. The property is currently 100% occupied under a Net Lease agreement with o2b Kids!, a top 15 national childcare operator with over 60 locations and 20 more under development. The lease, commencing September 1, 2023, and expiring August 31, 2038, includes a substantial 13.8-year remaining term with built-in 2% annual rent increases. The tenant, o2b Kids!, acquired an existing facility in 2023, inheriting established enrollment and revenue, mitigating typical start-up risks. The property boasts a strong NOI of $184,868, resulting in a 7.25% cap rate. The lease includes two, five-year renewal options, further securing long-term income. Built in 1998 and renovated in 2023, this 0.77-acre property benefits from a corporate guarantee and is situated in a densely populated area with over 225,000 people within a five-mile radius. The property's strong tenant, long-term lease, and attractive financial metrics make it an ideal addition to any investment portfolio. The asking price is $2,550,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Overland
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.3701076
- Latitude
- 38.707537
