6738 Mcdowell RdPhoenix, AZ 85035

Property Details for 6738 Mcdowell Rd

Year built

2006

Lot size

4.92 AC

Property size (Sq ft)

47,186 SF

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a 47,186-square-foot, single-tenant, purpose-built charter school in Phoenix, Arizona. The property, built in 2006, sits on a 4.92-acre lot and is currently 100% occupied. The school, operating as Imagine Schools, serves grades K-5 and benefits from a long-term, absolute NNN lease with Schoolhouse Finance, a leading national operator, providing significant financial stability and minimal landlord responsibilities. The lease has eight years remaining, with a ten-year renewal option. The property boasts a strong operational history of 18 years and is strategically located in a high-growth area of metro Phoenix, directly north of Interstate 10, ensuring excellent regional access. The building is a single-story structure and is part of a larger three-campus portfolio, offering potential for individual or portfolio acquisition. The lease includes annual rental growth averaging 3.0% over the next 10 years. This is a debt-free offering with attractive financing options available. The property's location within established family-oriented residential communities and high barriers to entry for competing schools further enhance its investment appeal. The absolute NNN lease structure, coupled with the tenant's strong performance history and robust oversight, provides investors with a secure and reliable cash flow stream.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4669

Longitude

-112.205

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