Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 305 S 1st Street, WaKeeney, Trego County, Kansas 67672 (the “Property”). Formerly occupied by Family Dollar-Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2022, the Property consists of a ±10,610-square-foot, single-story free-standing retail building situated on ±57,899 square feet (±1.33 acres) with a concrete surface parking lot with 35 spaces. The site is strategically positioned with ±238 feet of frontage along S 1st Street (US Highway 283) and approximately 0.5-miles from I-70 which sees approximately ±13,098 vehicles per day (VPD), ensuring accessibility. Previously operated as a dual-store format, the Property was leased to Family Dollar-Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of $5–$6/SF NNN. Zoned C (Commercial, Business District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.
Located in Trego County at the junction of Interstate?70 and U.S.?Route?283 in northwest Kansas, WaKeeney serves as a regional service center with strong transportation access. Agriculture, health care and social assistance are key economic anchors, supporting a local employment base. Surrounding traffic generators include Dollar Tree, Pizza Hut, Subway, Econolodge, Best Western, Carquest, Dairy Queen, Super 8, Cenex, Trego WaKeeney Airport, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 2,123 residents and an average household income of ±$89,776 within a 5-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.