Turnkey Educational Property with Stable, Predictable Income
We are thrilled to announce the successful sale of 190 West Green Meadows Drive in Greenfield, Indiana. This premier educational property provided investors with a rare opportunity to acquire a fully leased, high-visibility asset under a triple-net lease, delivering low-management, predictable returns.
The property was occupied by a well-established autism school, with the tenant committed to a five-year buy-and-leaseback arrangement featuring three percent annual rent escalations. Under this triple-net structure, all operating expenses—including maintenance, insurance, and taxes—were borne by the tenant, creating a truly hands-off investment for the new owner.
The campus itself is fully turnkey and thoughtfully upgraded for long-term durability. Recent improvements include a new roof (2024), three new commercial HVAC systems (2024), new flooring (2024), and a new ceiling (2025). The property is fully fenced, features a commercial-grade playground with artificial turf, and has a resurfaced and patched parking lot. These enhancements highlight the minimal capital requirements and move-in-ready nature of the investment.
Located in Greenfield, Indiana, the property benefits from a highly desirable submarket combining small-town charm with strong regional connectivity. Just 25 miles east of downtown Indianapolis, the property offers easy access to U.S. Route 40 and Interstate 70, ensuring high drive-by visibility. Greenfield has experienced steady growth, with population increasing nearly three percent year-over-year, median household incomes rising over seven percent, and home values climbing more than thirteen percent in the past year.
The local economy is anchored by healthcare, life sciences, and advanced manufacturing, with major employers including Hancock Regional Hospital, Elanco, Avery Dennison, and Stanley Black & Decker. The city’s strong employment base, high rate of homeownership, and above-average median household income all contribute to its long-term stability and attractiveness for investors.
This sale demonstrates the appeal of mission-driven, triple-net leased properties that combine financial security with location-driven value. The new buyer now owns an asset designed to deliver predictable income, long-term appreciation, and meaningful impact in a growing community.
Congratulations to both the buyer and seller on a smooth and successful closing. The sale of 190 West Green Meadows Drive highlights Greenfield’s strength as an investment market and the enduring value of well-located, turnkey educational properties.
