Charter Elementary School with NNN
For Sale
Contact for pricing
Pending
12050 N Bullard Avenue, Surprise, AZ 85379
The school is subject to a corporate-guaranteed NNN lease with annual escalation provisions.
Property SizeContact for details
Days on Market42
Property Features for 12050 N Bullard Avenue
General Information
Standard status
Pending
Property subtype
Special Purpose
Building Details
Tenancy
Single
Listing Agency:
Colliers - Phoenix, Arizona
(332) 345-4222
Listed By:
Todd Noel · License #AZ SA528215000
Source:
Crexi
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 31 at 1:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Phoenix, Arizona
Investment Insights
Based on property information with market context.
Imagine Charter Elementary School at 12050 North Bullard Avenue in Surprise, Arizona is subject to a triple-net lease with 15.75 years remaining from the original 25-year term. The agreement includes annual rent adjustments based on CPI or 3%, whichever is greater, during the base term and a single 10-year renewal option.
Lease obligations carry corporate guarantees from Imagine Schools, Inc. and Imagine Schools Non-Profit, Inc. Imagine Schools operates a national nonprofit network of 67 public charter campuses serving more than 36,000 students across 11 states and the District of Columbia. The lease structure and remaining term provide the principal contractual characteristics of this school property.
Lease obligations carry corporate guarantees from Imagine Schools, Inc. and Imagine Schools Non-Profit, Inc. Imagine Schools operates a national nonprofit network of 67 public charter campuses serving more than 36,000 students across 11 states and the District of Columbia. The lease structure and remaining term provide the principal contractual characteristics of this school property.
Key Highlights
- 15.75 years remain on the original 25‑year triple‑net lease
- Annual rent adjustments are based on CPI or 3%, whichever is greater
- One 10‑year tenant renewal option is included
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 85379, AZ
49,441
Population
16,052
Households
3.1
Avg Household Size
35
Median Age
32%
College-Educated
95%
High-School Grad
10.7 sq mi
ZIP Area
4,621
Density / Sq Mi
$102,823
Median Household Income
$49,543
Median Earnings
$1,944
Median Rent
$413,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
School - The school is subject to a corporate-guaranteed NNN lease with annual escalation provisions.
Where is this school located?
The property is located at 12050 N Bullard Avenue Surprise, AZ.
What are key features of this property?
This property features: 15.75 years remain on the original 25‑year triple‑net lease; Annual rent adjustments are based on CPI or 3%, whichever is greater; One 10‑year tenant renewal option is included
