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Executive Summary

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).

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
25,000 SF
Building Class
C
Year Built
2014
Price
$4,246,156 CAD
Price Per SF
$169.85 CAD
Cap Rate
8.25%
NOI
$350,308 CAD
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
1.67 AC
Opportunity Zone
Yes
Frontage
189’ on Western Avenue

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Information
  • -
  • -
  • -
  • -

Founded in 1999, Cricket Wireless operates as a prepaid wireless telecommunications provider in the United States. Originally established by Leap Wireless, the brand focused on no-contract mobile services designed for cost-conscious consumers. In 2014, Cricket Wireless became a wholly owned subsidiary of AT&T following AT&T’s acquisition of Leap Wireless. The acquisition integrated Cricket into AT&T’s national network infrastructure while maintaining Cricket as a distinct prepaid brand. Cricket provides voice, text, and data services using AT&T’s wireless network, including access to 4G LTE and 5G coverage where available. The company distributes services through company-operated and authorized retail locations, as well as online channels. Over time, Cricket expanded from its initial regional footprint to a nationwide presence supporting consumer prepaid plans and device offerings.

  • Cricket Wireless
  • Retailer
  • -
  • -
  • -
  • Mar 2028
  • Retailer
  • -
  • $9.44 CAD
  • Triple Net
  • Feb 2015

Dollar Tree began in 1986 as Only $1.00, building on earlier variety-store and toy-retail roots in Virginia. The company later adopted the Dollar Tree name and grew into a value retailer focused on everyday essentials, seasonal merchandise, and discovery-oriented shopping. Current offerings include housewares, cleaning supplies, candy, snacks, food, health and beauty products, toys, gifts, stationery, craft and party supplies, books, and seasonal décor. The business also sells through its digital channels, including case-pack ordering, store pickup, home delivery, and same-day local delivery from participating store locations.

  • Rental and Leasing Services
  • -
  • -
  • -
  • -

Rent-A-Center is a national rent-to-own retail chain offering furniture, home appliances, consumer electronics, and computers through flexible rental-purchase agreements. Founded in 1973 and incorporated in 1986, the company operates thousands of locations across the United States, Puerto Rico, and Mexico. Rent-A-Center serves consumers seeking access to durable household goods without traditional credit requirements, offering short-term rental flexibility with ownership options. Stores are typically located in neighborhood retail centers and along major arterial corridors, serving value-oriented and workforce-housing markets. The company is a subsidiary of Upbound Group, Inc., a publicly traded organization listed on NASDAQ. Rent-A-Center’s operating model combines in-store retail sales, logistics and delivery operations, and local service teams. In metropolitan areas such as Atlanta, the brand maintains numerous store locations to support dense, neighborhood-based customer demand.

  • Retailer
  • -
  • -
  • Triple Net
  • -

Shoe Show Mega operates under SHOE SHOW, INC., a footwear and accessories retailer founded in 1960 in Kannapolis, North Carolina. The company has grown into a nationwide presence with over stores across 47 states, offering a variety of branded shoes, bags, and accessories for men, women, and children. The company’s headquarters and distribution center are located in Concord, North Carolina, supporting its extensive retail network. SHOE SHOW, INC. emphasizes operational efficiency through standardized store designs and advanced distribution systems. Privately held, the company has maintained its focus on providing value and quality products while engaging in community initiatives and charitable activities. With more than six decades in the industry, SHOE SHOW, INC. continues to adapt to changing retail trends while maintaining its core principles of service and affordability.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Information - - - -
Cricket Wireless Retailer - - - Mar 2028
Retailer - $9.44 CAD Triple Net Feb 2015
Rental and Leasing Services - - - -
Retailer - - Triple Net -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,000 SF
  • Retail
  • End Cap
  • Now
Space Size Space Use Position Available
1st Floor 2,000 SF Retail End Cap Now

1st Floor

Size
2,000 SF
Space Use
Retail
Position
End Cap
Available
Now

1st Floor

Size 2,000 SF
Space Use Retail
Position End Cap
Available Now

Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
21-05-12-200-008.000-008
Land Assessment
$418,501 CAD
Improvements Assessment
$1,947,661 CAD
Total Assessment
$2,366,162 CAD
  • Listing ID: 40407710

  • Date on Market: 2026-05-05

  • Last Updated:

  • Address: 3896-4000 Western Ave, Connersville, IN 47331

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