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That checkbox is in the Connections panel of the Properties inspector.

The UI is certainly confusing. The items in the Properties inspector (Connections, Notes, Actions) are certainly properties of objects, so it's not clear why they're not in the Objects inspector. Their only common characteristic is that they're all Pro features, but that's not relevant to user tasks. Also, the icon for the Properties inspector is the one for Actions, so it's not obvious that the other two are there.

Perhaps the confusion comes from the labels. The items in the Objects inspector control the appearance of objects, while those in the Properties inspector control their behavior or hidden information. They're all properties, though, in some sense.