201 S State Rd 135 Greenwood, IN 46142

Shops on Meridian is a fully leased multi-tenant retail property located in Greenwood, Indiana. The property is positioned at a signalized hard-corner location at the intersection of State Road 135 and West Main Street, with traffic counts exceeding 55,000 vehicles per day. It sits directly across the intersection from a Meijer grocery store. The property is leased to Mathnasium and Jamba/Auntie Anne’s, creating a family-oriented tenant roster with an approximately 10-year weighted average lease term remaining. Both leases feature 3.5% annual rental increases. Mathnasium is a nationally recognized K–12 supplemental education brand with over 1,100 locations. The Center Grove Community School District, ranked #1 in Johnson County and #15 in Indiana, drives demand for tutoring and academic-related services. The Jamba/Auntie Anne’s combination store broadens consumer appeal and acts as a synergistic co-tenant for students and parents. Average household incomes within a one-mile radius approach $104,000. Greenwood is one of Indiana’s fastest-growing cities, having expanded 80% since 2000. Employment in Greenwood grew approximately 7% from 2023 to 2024, adding over 2,200 jobs. Within a 2.5-mile radius, more than $110 million in newly delivered and approved development is actively reshaping the trade area, anchored by the 90-acre Center Grove Park mixed-use PUD approved in December 2024, which will deliver 250 apartment units and up to 150,000 square feet of commercial space directly along SR 135. The property contains 4,051 square feet.