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Anchored Retail Center with NN Tenants
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4045 Commonwealth Ave, Eau Claire, WI 54701

Anchored shopping center with Joann Fabrics and Boot Barn on double net leases, plus an LL Flooring store separately owned.

Property SizeContact for details
Days on Market133

Property Features for 4045 Commonwealth Ave

General Information

Standard status Active
Property subtype Retail

Additional Details

Highway Access Yes
Listing Agency: Fortis Net Lease
Listed By: Bryan Bender · License #MI 6501319610
Source: Crexi
Added: Apr 12 Changed: Aug 16 Last Checked: Aug 14 at 7:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease

Investment Insights

Based on property information with market context.

This anchored retail center features Joann Fabrics and Boot Barn as primary tenants, both operating under double net (NN) leases designed to require minimal landlord responsibility. An LL Flooring store is also located within the center but is under separate ownership.

The property sits off Highway 53 on the signalized corner of Commonwealth Avenue & Golf Road, with traffic counts provided in the remarks. It is positioned adjacent to a Ross Dress For Less and a Baymont by Wyndham hotel, including an Applebees & Mattress Firm outlot.

The shopping center is situated within a dense retail environment with nearby national retailers including Walmart, Menards, Target, and Aldi, according to the provided information. Oakwoods Mall is across the street, and is described as anchored by Hobby Lobby, HOM Furniture, JC Penny, and Old Navy.

Key Highlights

  • Anchored retail center in Eau Claire, WI with Joann Fabrics and Boot Barn on double net (NN) leases
  • Joann Fabrics and Boot Barn are open and operating, with multiple options to renew their term
  • Located on the signalized corner of Commonwealth Avenue & Golf Road, off Hwy 53 with traffic counts of 22,754 cars/day and 19,206 cars/day

Property Analytics

Current Use

JOANN Fabric and Crafts (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Electrical Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

681
Businesses Nearby
354k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 38% Apparel 23% Home Improvements & Furnishings 21% Groceries 9%
Target Superstores
133,313 visits/mo 0.4 miles
Menards Home Improvements & Furnishings
74,806 visits/mo 0.4 miles
Kohl's Apparel
60,470 visits/mo 0.4 miles
Aldi Groceries
32,708 visits/mo 0.3 miles
Goodwill Apparel
15,777 visits/mo 0.4 miles

Demographics for 54701, WI

41,346
Population
17,932
Households
2.3
Avg Household Size
35
Median Age
42%
College-Educated
98%
High-School Grad
86.0 sq mi
ZIP Area
481
Density / Sq Mi
$71,406
Median Household Income
$37,658
Median Earnings
$963
Median Rent
$265,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Oakwood Mall 4800 Golf Rd, Eau Claire, WI 54701
  • Oak Pointe Plaza 4076 Commonwealth Ave, Eau Claire, WI 54701
  • Shoppes at Oakwood 4665 Keystone Crossing, Eau Claire, WI 54701, United States

Frequently Asked Questions

What type of property is this?
Shopping center - Anchored shopping center with Joann Fabrics and Boot Barn on double net leases, plus an LL Flooring store separately owned.
Where is this shopping center located?
The property is located at 4045 Commonwealth Ave Eau Claire, WI.
What are key features of this property?
This property features: Anchored retail center in Eau Claire, WI with Joann Fabrics and Boot Barn on double net (NN) leases; Joann Fabrics and Boot Barn are open and operating, with multiple options to renew their term; Located on the signalized corner of Commonwealth Avenue & Golf Road, off Hwy 53 with traffic counts of 22,754 cars/day and 19,206 cars/day
(248) 419-3810 Call to check price and availability
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