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Imagine Schools AZ & NV Portfolio

3 Specialty Properties in Multiple Locations

Investment Highlights

  • Imagine School and Schoolhouse Finance are premier charter school operators, assuring optimal performance by each school and a secure cash flow
  • The campuses are surrounded by new family-oriented residential communities, in the high growth areas of metro Phoenix and Las Vegas
  • Absolute NNN leases with numerous reporting requirements that require no landlord obligations and constant oversight of the tenants’ performance
  • Two of the schools were purpose-built for grades K-5, and the Las Vegas school was fully renovated to accommodate a K-6 campus
  • High Barriers to entry for other traditional & charter public schools near these campuses
  • Well-established campuses have been operational for 14, 17 and 18 years, the annual rental growth averages 2.7% during the next 10 years

Executive Summary

CALL FOR OFFERS: Wed. July 17, 2024
Colliers is pleased to exclusively offer for sale to qualified investors a portfolio of three high-performing charter schools strategically located in Arizona and Nevada (“Portfolio”) that are subject to long-term, absolute NNN lease structures. The campuses operate as Imagine Schools and consist of ±128,925 square feet located on ±13.85 acres. The leases are with Schoolhouse Finance, one of the nation’s most prominent operators, offering an investor with an institutional-quality investment of reliable cash flow. Schoolhouse Finance and the Imagine Schools charter management organization provide the necessary checks and balances to maintain appropriate oversight, secure the cash flow, and assure optimal performance throughout the investment.
These campuses have long operational histories, having been open for between 14 and 18 years. Overall, the Portfolio provides a weighted average lease term (“WALT”) of 6.7 years, with individual lease terms that range from 4.0 to 8.0 years. Each campus is strategically located and within highly desirable growth markets of Phoenix and Las Vegas.

Property Facts

Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 128,925 SF
Total Land Area 13.85 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Imagine School
6610 Grand Montecito Pky, Las Vegas, NV 89149
Specialty 36,161 SF 2004 -
Imagine School
12050 N Bullard Ave, Surprise, AZ 85379
Specialty 45,578 SF 2005 -
Imagine School at Desert West
6738 W McDowell Rd, Phoenix, AZ 85035
Specialty 47,186 SF 2007 -
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  • Listing ID: 31878067

  • Date on Market: 5/21/2024

  • Last Updated:

  • Address: Imagine Schools AZ & NV Portfolio, Las Vegas, NV

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