1 Industrial Dr - Schools FOR SALE


Windham, NH 03087
$10,500,000 USD
561-301-0988
1 Industrial Dr, Windham, NH for Sale
$10,500,000 USD
Schools - FOR SALE
1/46
null | 7.33% Cap Rate

1 Industrial Dr
Windham, NH 03087


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
  • New Construction | Recent Tenant Expansions | 12,000 SF Addition Delivered 2024 | Substantial Tenant Capital In Place
  • Windham: 2nd-Wealthiest Town in NH | $189,583 Median HH Income | 46.3% of Households Over $200K | I-93 Exit 3

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.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

7.33%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Windham Academy | Long Term Single Tenant NNN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

ADD'L SUBTYPES

undefined, Day Care Center

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

79

LAND DETAILS

LAND ACRES

4.77 AC

LAND SF

207,781 SF

ZONING

Limited Industrial

APN/PARCEL ID

WNDM-000013-A000000-000198

ASK ABOUT THIS PROPERTY

Luigi LessaMarcus & MillichapMore Info
561-301-0988

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Luigi LessaMarcus & MillichapMore Info
561-301-0988

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.