Wentzville, MO - O2B Kids
$5,936,000
1401 Neela Rd, Wentzville, MO 63385
7
Cap Rate
415,490
NOI
Details:
Description:
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, O2B Kids investment property located in Wentzville, Missouri. The tenant currently has 13 years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and options thereafter, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to foundation, exterior & interior load-bearing walls, and structure of the roof making it an ideal, low-management investment opportunity for a passive investor. O2B Kids is a leading provider of early education services for children in the Southeast U.S. O2B offers preschool education for children 0 to 5 years.
The subject property is located near the signalized intersection of Wentzvillle Pkwy and Parkway Ridge Blvd which combined average 12,900 VPD. The site benefits from nearby direct on/off ramp access to Hwy 61, a major thoroughfare that averages 38,900 vehicles passing by daily. The asset is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including McDonald’s, Wendy’s, Quiktrip, Walgreens, Subway, Dollar General, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the site is in close proximity to Villages at Lake Silvercote Apartments (381 units), Hidden Valley Apartments (200 units) and Twin Oaks At Stone Ridge (48 units), further increasing consumer traffic to the immediate area. The 5-mile trade area is supported by a population of over 72,000 and 24,000 employees. Residents within a 5-mile radius of the subject property boast an affluent average household income of $139,403.
Location
Gallery
