3896 Western Avenue, Connersville, IN 47331

The Klink Group of Marcs & Millichap is pleased to present for sale Connersville Commons, a 25,000-square foot shopping center located in Connersville, Indiana, the county seat and primary commercial hub for Fayette County.

Connersville Commons is the premier and best-in-class shopping center destination in Connersville and is situated on 1.67 acres along Western Avenue (IN SR 1), the principal north-south thoroughfare connecting Connersville and the surrounding region to Interstate 70 and Interstate 74. The property benefits from exceptional visibility and accessibility, sharing a signalized intersection with a Walmart Supercenter that serves as the only Walmart within a 15-mile radius and is surrounded by national retailers such as Verizon, Great Clips, H&R Block, Goodwill, Burger King, and a brand-new Casey’s gas station that is slated for construction just south of the property. Additionally, less than one-mile away are additional retailers such as Dunkin, Kroger, Pizza Hut, Arby’s, Long John Silvers and many more.

Constructed in 2014 as part of a master-planned commercial development, the asset features a diverse and resilient tenant mix that includes national retailers and essential state services. Dollar Tree anchors 36% of the GLA, alongside established tenants such as Shoe Show, and Rent-A-Center. Recent leasing momentum is highlighted by brand-new, ten-year leases with the Indiana Division of Family Resources (coming soon) and Nails Tech, as well as a seven-year renewal from Shoe Show; all of which demonstrate tenant commitment to the subject site. 68% of the GLA operates under absolute triple-net leases, significantly limiting an owners expense exposure, with Shoe Show responsible for their pro-rata share of snow and ice removal expense and Division of Family Resources responsible for their pro-rata share of real estate taxes or complete abatement for being a state agency lease.

The offering represents a compelling, low-management investment opportunity for prospective investors. The property is being offered 100% occupied with a 5.5-year weighted average lease term and features minimal deferred maintenance, including a durable metal roof with a long remaining useful life. Shadow-anchored by the region’s only Walmart, Connersville Commons offers the opportunity to acquire a stabilized, well-performing asset in a prime location along the city’s primary commercial corridor.