Description

2998 Technology Dr is a 6,733 SF retail property at 2998 Technology Drive in Lake Saint Louis, MO, leased to Kids & Company dba Inspire Early Education. The sale pairs an absolute NNN lease with a 7% cap rate.

Built in 2000, the property occupies 2.11 acres and has 27 parking spaces. The site plan shows a fenced play area and monument sign, features suited to the tenant’s childcare operation. Over 11 years remain on the lease, with 2% annual rent increases and a corporate guaranty from Kids & Company, Ltd. Under the absolute NNN structure, the tenant is responsible for property expenses, including taxes, insurance, utilities, repairs, and roof and structure.

Technology Drive runs directly adjacent to I-64, placing the property near a retail concentration that includes Walmart Supercenter, Lowe’s, T.J. Maxx, and Dierbergs. Downtown St. Louis is 37.3 miles away. For a childcare tenant, the surrounding households are particularly relevant: average household income within a 1-mile radius is $173,098. The location connects an established education use with nearby shopping destinations and a defined residential customer base.

The asking price is $2,753,000, or $408.88 PSF, with NOI of $192,729. For a net-lease buyer, the remaining term, scheduled rent increases, and guaranty establish the investment’s income profile, while the tenant’s expense responsibilities define its operating structure. Kids & Company, Ltd. reported over $227 million in FY 2025 revenue and over $55 million in EBITDA. Review the Offering Memorandum for the full investment opportunity.