Imagine Madison Avenue School of the Arts
Toledo, OH
The Offering
Key Facts
- Address 1511 Madison Ave, Toledo, OH
- Price $12,330,000
- Total Building Area 54,592 SF
- Cap Rate - Year 1 9.65%
- Enrollment 404
- Land Area 3.49 acres
- Grades Served K-8
- Year Built 1912, Renov 2008
Investment Summary
Colliers is pleased to exclusively offer for sale to qualified investors Imagine Madison Avenue School of the Arts, a well-established, charter school located in Toledo, Ohio that is subject to a long-term, absolute NNN lease structure. The K-8 campus operates as Imagine Schools and consists of ±54,592 square feet located on ±3.49 acres.
The lease is 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.
Imagine Madison Avenue School of the Arts has a long operational history, having been open for 17 years. There are more than seven years remaining on the lease term with one, 10-year renewal option. The campus is strategically located in the downtown core, just blocks from the Toledo Museum of Art, the Toledo-Lucas County Public Library, and Fifth Third Field, while major roadways like I-75 and I-475 enhance regional connectivity.
