190 W Green Meadows Drive, Greenfield, IN 46140
- $649,000
- $649,000
- $649,000
- $649,000
Description
This premier educational facility offers investors a rare opportunity to secure a high-visibility property under a true triple-net lease. The tenant, a well-established autism school, has committed to a five-year buy-and-leaseback arrangement with three percent annual rent escalations. All expenses, including maintenance, insurance, and taxes, are borne by the tenant, providing the owner with stable, low-management income and predictable growth. The property itself has been extensively upgraded to ensure long-term durability and minimal capital needs. Recent improvements include a new roof (2024), three new commercial HVAC systems (2024), new flooring (2024), and a new ceiling (2025). The campus is fully fenced and features a newly installed commercial-grade playground with artificial turf, and the parking lot has been recently resurfaced and patched. Together, these enhancements underscore the turnkey nature of the investment. Greenfield, Indiana, is one of the Indianapolis metro’s most attractive submarkets, combining small-town charm with strong regional connectivity. Located just 25 miles east of downtown Indianapolis, the city offers direct access to U.S. Route 40 and Interstate 70, ensuring high drive-by visibility and ease of access. The community has seen impressive growth in recent years, with population increasing by nearly three percent year over year, median household incomes rising more than seven percent, and home values climbing over thirteen percent in the past year alone. This steady upward trajectory reflects both the desirability of the area and its economic stability. The local economy is anchored by healthcare, life sciences, and advanced manufacturing, with major employers such as Hancock Regional Hospital, Elanco, Avery Dennison, and Stanley Black & Decker providing a diverse and resilient employment base.
Address
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Address: 190 W Green Meadows Drive
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City: Greenfield
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State/county: IN
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Zip/Postal Code: 46140
Details
Updated on September 13, 2025 at 2:11 pm-
Property ID 22058126
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Price $649,000
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Property Size 5516 Sqft
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Land Area 1.52 Acres
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Garage Size x x
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Year Built 1994
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Property Type Mixed Use, Commercial Sale
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Property Status Closed
Additional details
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Utilities Electricity Connected
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County Hancock
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Property Type Commercial Sale
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Elementary School JB Stephens Elementary School
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Middle School Greenfield Central Junior High Sch
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High School Greenfield-Central High School
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