Imagine Madison Avenue School of the Arts
Special Purpose | 54,592 SqFt
Marketing description
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 school had an enrollment of 404 as of Fall 2025.
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.
Investment highlights
• A strong national operator with institutional-quality credit - Imagine Schools is the charter manager and Schoolhouse Finance Inc. is the financial backstop, providing institutional-quality management and credit security for this investment.
• Award-winning international recognition - The only Ohio school recognized in 2024 as a National School of Character, this tuition-free public charter school integrates a comprehensive academic curriculum with daily instruction in music, dance, and visual arts.
• High barrier to entry for other traditional and charter public schools - There are scarce options near the campus for other schools.
• Favorable lease terms with numerous reporting requirements - The absolute NNN lease requires no landlord obligations, increases by 3% annually, and provides for constant landlord oversight of the tenant’s performance.
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