O'Fallon, 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 O’Fallon, Missouri. The tenant, O2B Early Education Holding, Inc. recently signed a brand new 20-year lease with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 2% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited 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 TR Hughes Blvd and Tom Ginnever Ave, which supports more than 25,000 vehicles per day. Furthermore, the asset benefits from nearby access to Main Street (25,900 VPD) and State Highway 79 (17,700 VPD), making this an ideal, centralized location with easy commutes. Moreover, the subject property is strategically positioned between Westhoff Elementary (530 students), Joseph L. Mudd Elementary School (449 students), and Forest Park Elementary (905 students), providing parents with an easy, one-stop drop off location for all their children’s educational needs. The 5-mile subject trade area is supported by more than 111,000 residents and 36,000 daytime employees who boast an affluent average household income of more than $120,000.