STNL - Windham Academy Charter School — Sale in Windham, NH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Windham, NH 03087

Photos

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Investment Figures

Cap rate
7.33%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. 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

Market Context

This retail in Windham, NH is listed for sale. It is offered at an approximate 7.3% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Windham, NH — view the full market.

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