12050 Bullard Ave Surprise, AZ 85379
- Schools
- 45,578 SF
- 5.07 lot acres
Current Use by Public Records
- Schools
Property Details for 12050 Bullard Ave
- Year built
- 2005
- Lot size
- 5.07 lot acres
- Property size
- 45,578 SF
- Property type
- Schools
Description
This exceptional investment opportunity presents Imagine Rosefield, a 45,578-square-foot, single-story charter school in Surprise, Arizona. Built in 2005 on a 5.07-acre lot, the property boasts a 100% occupancy rate under a long-term, absolute NNN lease with a prominent charter school operator, Schoolhouse Finance. The lease, with 7.5 years remaining and a 10-year renewal option, provides a secure, reliable cash flow with an average annual rental growth of 3% projected over the next decade. The school, serving grades K-5, benefits from its strategic location within a densely populated area of Surprise, surrounded by new residential communities. The property's operational history spans 17 years, demonstrating its enduring success and strong tenant performance. The absolute NNN lease structure ensures minimal landlord responsibilities and includes numerous reporting requirements for ongoing oversight. This is a free-and-clear offering with attractive financing options available. The property is part of a larger three-campus portfolio, but can be purchased individually. This is a high-performing, purpose-built asset ideal for investors seeking a stable, long-term investment in a rapidly growing market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Surprise
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.3781604
- Latitude
- 33.593378
