AEI Kinder Care

497 Big Bend Road, Ballwin, Missouri

OFFERING PRICE: $2,536,400

MAI Appraisal: $2,730,000

  • Annual Rent: $158,524
  • Cap Rate: 6.25%
  • Building: +8,317 sq. ft.
  • Land: 47,306 sq. ft.

KinderCare Learning Centers, Inc. was founded in 1969 and provides education and care programs in early childhood education, school partnerships and distance learning.

497 Big Bend Road, Ballwin, Missouri

As of December 29, 2007, it operated 1,873 childcare centers with a total licensed capacity of approximately 248,000 and over 636 School Partnership before-and-after school programs.

TENANT

KinderCare Learning Centers, Inc. was founded in 1969 and provides education and care programs in early childhood education, school partnerships and distance learning. As of December 29, 2007, it operated 1,873 childcare centers with a total licensed capacity of approximately 248,000 and over 636 School Partnership before-and-after school programs. Highly qualified and experienced teachers and staff stay current on the most recent developments in education, thereby ensuring that each child receives the best care and education. KinderCare provides more staff development opportunities than any other childcare company in the country.

 

  • OFFERING PRICE $2,536,400
  • Land: 47,306 sq. ft.
  • Building: +8,317 sq. ft.
  • Year Built: 1999
  • Triple Net lease; The roof, structure, HVAC and parking lot are the responsibility of the Tenant. The primary lease term commenced June 14, 2002 and ends June 30, 2017, with three five-year renewal options.
  • MAI Appraisal: $2,730,000
  • Annual Rent: $158,524
  • Cap Rate: 6.25%

RENT INCREASES

On July 1, 2012, and each renewal option period thereafter, the rent for this property increases by the lesser of 10% of the prior year’s scheduled rent or 200% of the CPI increase.

AREA INFORMATION

This property is located in the northwest corner of Big Bend Road and Reis Road. Ballwin, a suburb of St. Louis, is a dynamic community located in the heart of prestigious West St. Louis County. Ballwin is one-half hour from St. Louis-Lambert International Airport and 40 minutes from downtown St. Louis. This site is surrounded by single family housing neighborhoods which continue to expand. As of January, 2007, population within a 5-mile radius was approximately 153,000.

ABOUT AEI

Founded in 1970, AEI is one of America’s oldest sponsors of net lease real estate investment programs and a leader in the TIC- 1031 exchange industry. AEI is a national source of high quality, commercial real estate for property owners engaged in 1031 tax-deferred property exchanges. AEI has specialized in developing, evaluating and purchasing these types of properties for more than 35 years and offers a portfolio of name-brand, net leased commercial retail properties.

Why come to AEI for your TIC or 1031 properties?

Exceptional service. If this is your first 1031 property exchange or TIC purchase, we make every effort to ensure that you fully understand the transaction. Our experienced professionals are available to assist you at each step.

Stability and quality. AEI offers quality, single tenant properties – freestanding real estate occupied by creditworthy corporate tenants under long-term net leases.

Acquisition expertise. AEI has performed institutional-grade due diligence on every property we own. Acquiring property from AEI can reduce this time-consuming, labor-intensive aspect of your property selection process and provide a higher level of expertise than you may be able to provide yourself.

Post-purchase services. After your property purchase is complete, AEI can provide the following services:

  • Accounting and distribution of rental income
  • Year-end 1099 forms for tax reporting
  • Assisting with any management concerns you may have about your property
  • Monitoring lease compliance, tax and insurance payments, and property maintenance by the tenant