For Sale
Call for price

6738 Mcdowell RdPhoenix, AZ 85035

Three high-performing charter schools

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a portfolio of three thriving charter schools located across high-growth areas in Arizona and Nevada. The portfolio totals approximately 128,925 square feet situated on 13.85 acres. Each school operates under a long-term, absolute NNN lease with Schoolhouse Finance, a leading charter school operator, ensuring consistent and reliable cash flow. The leases offer a weighted average lease term (WALT) of 6.7 years, with individual lease terms ranging from 4 to 8 years and renewal options. Two schools are purpose-built for K-5, while the Las Vegas location is a fully renovated K-6 campus. These established schools, operational for 14 to 18 years, benefit from high barriers to entry and are surrounded by new residential communities. Projected annual rental growth averages 2.7% over the next decade. The portfolio is offered free and clear of debt, with attractive financing options available. This presents a unique opportunity for investors seeking a stable, high-performing investment in the education sector. Individual school locations include Phoenix and Surprise, Arizona, and Las Vegas, Nevada. The portfolio's strong operational history, long-term leases, and prime locations make it an attractive investment with significant potential for future growth.

Highlights

  • Imagine Schools and Schoolhouse Finance, premier charter school operators, ensure optimal performance and secure cash flow.
  • Two schools are purpose-built K-5 campuses; the Las Vegas school is a renovated K-6 campus.
  • Campuses are in high-growth areas of metro Phoenix and Las Vegas, surrounded by new family-oriented residential communities.
  • High barriers to entry exist for competing schools.
  • Annual rental growth projects at 2.7% over the next 10 years.
  • Absolute NNN leases with robust reporting requirements, eliminating landlord obligations and ensuring tenant performance oversight.

Property Details for 6738 Mcdowell Rd

Property type
Specialty properties, Schools
Square Feet
128,925 SF
Lot Size (sq. ft)
603,306 SF

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.4667043
Longitude
-112.2056821
6738 Mcdowell Rd, Phoenix, Arizona

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6738 Mcdowell Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message