2101 N Buckeye Ave - Freestanding FOR SALE


Abilene, KS 67410
$830,000 USD
714-365-2151
2101 N Buckeye Ave, Abilene, KS for Sale
$830,000 USD
Freestanding - FOR SALE
1/7
null | 7.03% Cap Rate

2101 N Buckeye Ave
Abilene, KS 67410


HIGHLIGHTS

  • 100% LEASED | ESTABLISHED LONG-TERM TENANCY | Fully leased to Dollar General and Yesterday's Rose, both operating at the property for 25 years.
  • NO RENEWAL OPTIONS | BELOW MARKET RENT | Leases expire June 30, 2031 with no renewal options. Current rents are approximately 50% below market.
  • BELOW REPLACEMENT COST | Offered at just $52/SF with over $220,000 invested in recent capital improvements.
  • PRIME I-70 LOCATION | One block from Interstate 70 (35,000+ VPD) at Abilene's primary retail intersection.
  • HIGH VISIBILITY | Excellent frontage, monument signage, and convenient ingress/egress provide outstanding exposure.
  • STRONG ECONOMIC DRIVERS | Nearby major employers and regional attractions support a stable consumer base and long-term demand.

OVERVIEW

This offering presents a 100% leased, below-replacement-cost acquisition with approximately 50% rent upside at Abilene's dominant retail intersection. The property is leased to Dollar General and Yesterday's Rose, both of which have occupied the center for 25 years. Both recently renewed their final option for five-year terms showing commitment to the property. With no remaining renewal options and rents estimated to be approximately 50% below market, investors benefit from stable cash flow and a clear path to future value creation. Priced at just $52 per square foot, the property can be acquired significantly below replacement cost and features substantial parking, excess land, and a flexible dual-building configuration. Ownership has invested more than $220,000 in capital improvements, enhancing the asset's long-term appeal. The property is adjacent to a high-performing McDonald's generating approximately $3.35 million in annual sales and directly across from Country Mart and Holm Chevrolet, positioning it at Abilene's primary retail corridor. The local economy is supported by major employers Kubota/Great Plains and Russell Stover Chocolates (1,600+ employees combined), a stable population base, and approximately 166,000 annual visitors. Located along Interstate 70, Abilene functions as a stable, self-contained trade area serving both local residents and travelers.

FOR SALE DETAILS

PRICE

$830,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

7.03%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

CS

APN/PARCEL ID

112-09-0-10-02-010.00-0

ASK ABOUT THIS PROPERTY

Jack Hopkinsjack@hopkinsretailgroup.comMore Info
714-365-2151

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Jack Hopkinsjack@hopkinsretailgroup.comMore Info
714-365-2151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.