Connersville Commons 3896-4000 Western Ave 25,000 SF 92% Leased Retail Building Connersville, IN 47331 $3,125,000 ($125/SF) 8.25% Cap Rate

Adjacent to Walmart | New 10 Yr Leases & Renewals | Main Retail Destination
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.
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.
-NEW LEASING MOMENTUM: Brand-new, ten-year lease with Nails Tech and Division of Family Services (Indiana State Agency) and recent seven-year renewal from Shoe Show.
-TENANT SITE COMMITMENT: Majority of the tenants have been operating at this location since the center was built in 2014 and have already exercised renewal options, showing strong commitment to the property.
-STRONG WEIGHTED AVERAGE LEASE TERM (WALT): Approximate WALT of 5.5 years offering a strong and stable metric and long-term income security.
-PRIME RETAIL LOCATION: The property benefits from being located in the nicest and heavily-visited retail destination area of Connersville.
-NATIONAL TENANTS: Anchored by Dollar Tree, Shoe Show, and Rent-A-Center along with a brand-new Nail Salon and incoming Indiana State Agency (Division of Family Resources).