6738 Mcdowell Rd Phoenix, AZ 85035
- Schools
- 128,925 SF
- 13.85 lot acres
Current Use by Public Records
- Imagine Desert West Elementary / School
Property Details for 6738 Mcdowell Rd
- Lot size
- 13.85 lot acres
- Property size
- 128,925 SF
- Property type
- Schools
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.2056821
- Latitude
- 33.4667043
