Miscellaneous
STNL - Windham Academy Charter School
1 Industrial Dr, Windham, NH 03087
Listing Price: $10,500,000
Investment Overview
Marcus & Millichap is pleased to present exclusively for sale 1 Industrial Drive in windham, New Hampshire, a ±38,477-square-foot, two-story facility net leased to Windham Academy Public Charter School, the third-largest in-person public charter school in New Hampshire. Renovated and expanded through 2024 with a new addition, roof, and systems, the Property offers approximately 17 years of remaining term through 2043, 2% annual increases, and minimal landlord responsibilities. Rent is state-funded: under RSA 194-B:11 the tenant is paid directly by the State of New Hampshire per pupil, independent of private tuition or consumer spending.
The school has grown enrollment every year since 2018, is oversubscribed by annual lottery, and sits at 82% of capacity with roughly 90 seats of embedded growth. Positioned at I-93 Exit 3, about 35 miles north of Boston in Windham, the second-wealthiest municipality in New Hampshire, the Property pairs an essential-use, state-funded tenant with one of the strongest demographics in the state.
STNL - Windham Academy Charter School
Investment Highlights
- +/- 16.9-Year NNN Lease | Annual Rent Increases | Fee Simple Ownership | Minimal Landlord Responsibilities
- State-Funded Rent Under NH Statute | RSA 194-B:11 | Per-Pupil Direct Payment | Not Tuition Dependent
- Third-Largest In-Person Charter in NH | Enrollment Growth Every Year Since 2018 | Waitlisted | Blind Lottery Admission
Exclusively Listed By
Broker of Record
-
Thomas Shihadeh
Senior Managing Director, Market Leader - New England
Financing By
Listing Price: $10,500,000
Investment Highlights
- +/- 16.9-Year NNN Lease | Annual Rent Increases | Fee Simple Ownership | Minimal Landlord Responsibilities
- State-Funded Rent Under NH Statute | RSA 194-B:11 | Per-Pupil Direct Payment | Not Tuition Dependent
- Third-Largest In-Person Charter in NH | Enrollment Growth Every Year Since 2018 | Waitlisted | Blind Lottery Admission
Investment Overview
Marcus & Millichap is pleased to present exclusively for sale 1 Industrial Drive in windham, New Hampshire, a ±38,477-square-foot, two-story facility net leased to Windham Academy Public Charter School, the third-largest in-person public charter school in New Hampshire. Renovated and expanded through 2024 with a new addition, roof, and systems, the Property offers approximately 17 years of remaining term through 2043, 2% annual increases, and minimal landlord responsibilities. Rent is state-funded: under RSA 194-B:11 the tenant is paid directly by the State of New Hampshire per pupil, independent of private tuition or consumer spending. The school has grown enrollment every year since 2018, is oversubscribed by annual lottery, and sits at 82% of capacity with roughly 90 seats of embedded growth. Positioned at I-93 Exit 3, about 35 miles north of Boston in Windham, the second-wealthiest municipality in New Hampshire, the Property pairs an essential-use, state-funded tenant with one of the strongest demographics in the state.
Exclusively Listed By
Broker of Record
-
Thomas Shihadeh
Senior Managing Director, Market Leader - New England
Financing By
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