diff --git a/airflow/io/store/__init__.py b/airflow/io/store/__init__.py
index bc9e0cd87dfdd7..d1e897c5de01cc 100644
--- a/airflow/io/store/__init__.py
+++ b/airflow/io/store/__init__.py
@@ -16,6 +16,8 @@
 # under the License.
 from __future__ import annotations
 
+from contextlib import suppress
+from functools import cached_property
 from typing import TYPE_CHECKING, ClassVar
 
 from airflow.io import get_fs, has_fs
@@ -37,8 +39,6 @@ class ObjectStore:
     protocol: str
     storage_options: Properties | None
 
-    _fs: AbstractFileSystem | None = None
-
     def __init__(
         self,
         protocol: str,
@@ -48,15 +48,17 @@ def __init__(
     ):
         self.conn_id = conn_id
         self.protocol = protocol
-        self._fs = fs
+        if fs is not None:
+            self.fs = fs
         self.storage_options = storage_options
 
     def __str__(self):
         return f"{self.protocol}-{self.conn_id}" if self.conn_id else self.protocol
 
-    @property
+    @cached_property
     def fs(self) -> AbstractFileSystem:
-        return self._connect()
+        # if the fs is provided in init, the next statement will be ignored
+        return get_fs(self.protocol, self.conn_id)
 
     @property
     def fsid(self) -> str:
@@ -68,9 +70,8 @@ def fsid(self) -> str:
 
         :return: deterministic the filesystem ID
         """
-        fs = self._connect()
         try:
-            return fs.fsid
+            return self.fs.fsid
         except NotImplementedError:
             return f"{self.fs.protocol}-{self.conn_id or 'env'}"
 
@@ -78,7 +79,7 @@ def serialize(self):
         return {
             "protocol": self.protocol,
             "conn_id": self.conn_id,
-            "filesystem": qualname(self._fs) if self._fs else None,
+            "filesystem": qualname(self.fs) if self.fs else None,
             "storage_options": self.storage_options,
         }
 
@@ -103,13 +104,14 @@ def deserialize(cls, data: dict[str, str], version: int):
 
         return attach(protocol=protocol, conn_id=conn_id, storage_options=data["storage_options"])
 
-    def _connect(self) -> AbstractFileSystem:
-        if self._fs is None:
-            self._fs = get_fs(self.protocol, self.conn_id)
-        return self._fs
-
     def __eq__(self, other):
-        return isinstance(other, type(self)) and other.conn_id == self.conn_id and other._fs == self._fs
+        self_fs = None
+        other_fs = None
+        with suppress(ValueError):
+            self_fs = self.fs
+        with suppress(ValueError):
+            other_fs = other.fs
+        return isinstance(other, type(self)) and other.conn_id == self.conn_id and self_fs == other_fs
 
 
 _STORE_CACHE: dict[str, ObjectStore] = {}
diff --git a/tests/io/test_path.py b/tests/io/test_path.py
index 7c97c7b2b912bd..af6044c1501925 100644
--- a/tests/io/test_path.py
+++ b/tests/io/test_path.py
@@ -279,7 +279,7 @@ def test_serde_store(self):
 
         assert s["protocol"] == "file"
         assert s["conn_id"] == "mock"
-        assert s["filesystem"] is None
+        assert s["filesystem"] == qualname(LocalFileSystem)
         assert store == d
 
         store = attach("localfs", fs=LocalFileSystem())