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Single-Tenant NNN Retail Property
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4000 Western Avenue, Connersville, IN 47331

Freestanding retail building leased under a triple-net structure with two renewal options.

Property Size12,400 SF
Days on Market145

Property Features for 4000 Western Avenue

General Information

Standard status Active
Size 12,400 SF
Property subtype Retail

Site & Location

Anchor Co-Tenants Wal-Mart Supercenter
Highway Access Yes
Road Access Yes

Building Details

Buildings 1
Tenancy Single
Listing Agency: Market Retail Partners
Listed By: Kevin Fulton · License #TN 313966
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 3:49PM

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 Market Retail Partners

Investment Insights

Based on property information with market context.

This newly constructed, freestanding retail building contains 12,400 square feet and is configured for a single occupant. Goodwill Industries of Central & Southern Indiana occupies the property under a 10-year triple-net lease, with two additional five-year option periods. The asset is identified as a single-tenant Goodwill location in Connersville, Indiana.

The building sits on a pad serving the Wal-Mart Supercenter at 4000 Western Avenue. Signalized access connects the property to Highway 1, described as the primary commercial thoroughfare through Connersville. The site also has direct connectivity and visibility to the Wal-Mart location, with surrounding customer draw identified from Cambridge City, Milton, and neighboring communities.

Key Highlights

  • 12,400‑square‑foot newly constructed freestanding retail building
  • Single‑tenant Goodwill location leased to Goodwill Industries of Central & Southern Indiana
  • 10‑year triple‑net lease with two, five‑year options

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Law Firm Real Estate Agency Auto Repair Shop Auto Parts Store Electrical Service

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

Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

107
Businesses Nearby
74k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 59% Shops & Services 22% Apparel 10% Electronics 5%
Walmart Superstores
43,957 visits/mo 0.1 miles
Dollar Tree Shops & Services
9,211 visits/mo 0.1 miles
Goodwill Apparel
5,273 visits/mo 0.1 miles
Sunoco Shops & Services
4,347 visits/mo 0.3 miles
Verizon Electronics
3,078 visits/mo 0.1 miles

Demographics for 47331, IN

22,782
Population
10,625
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
86%
High-School Grad
191.6 sq mi
ZIP Area
119
Density / Sq Mi
$56,530
Median Household Income
$38,494
Median Earnings
$777
Median Rent
$115,300
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
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Frequently Asked Questions

What type of property is this?
NNN property - Freestanding retail building leased under a triple-net structure with two renewal options.
Where is this nnn property located?
The property is located at 4000 Western Avenue Connersville, IN.
What are key features of this property?
This property features: 12,400‑square‑foot newly constructed freestanding retail building; Single‑tenant Goodwill location leased to Goodwill Industries of Central & Southern Indiana; 10‑year triple‑net lease with two, five‑year options
More about this property
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