St. Louis, MO - O2B Kids!

Description:

McKelvey Properties in collaboration with SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding O2B Kids investment property located in St. Louis, Missouri. The tenant, O2B Kids Education Holdings, Inc. recently signed a brand new 15-year lease with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 2% annual increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with limitied landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. O2B Kids has over 50 locations, and is a Florida based company that has helped shape the landscape of early education, preschool, and childcare.

O2B Kids is located near the signalized, hard corner intersection of Midland Boulevard and West Milton Avenue which serves over 20,000 vehicles per day. Furthermore, the site benefits from nearby access to State Highway 180 (38,400 VPD), making this an ideal, centralized location with easy commutes. Moreover, the subject property is positioned between Marion Elementary School (502 students) and Marvin Elementary School (514 students), providing parents with a one-stop drop off for all
their children’s educational needs. In addition, the asset is within close proximity to multiple apartment complexes including The Glenwood Townhomes (50 units), Meadowbrook Apartments (122 units), and more, providing a direct residential consumer base from which to draw. The 5-mile subject trade area is supported by more than 222,000 residents and 199,000 daytime employees who earn a healthy average household income of more than $101,000.