305 S 1st St - Retail FOR SALE


Wakeeney, KS 67672
$115,000 USD
305-206-1286
305 S 1st St, Wakeeney, KS for Sale
$115,000 USD
Retail - FOR SALE
1/13
null | Request Cap Rate

305 S 1st St
Wakeeney, KS 67672


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | 1.33 Acres | AUCTION DECEMBER 8-10
  • 10,610 SF Freestanding Value-Add Retail on 1.33 Acres Available at Substantial Discount Below Replacement Cost
  • Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Surrounding Traffic Generators: Trego WaKeeney Airport, Dollar Tree, Pizza Hut, Econolodge, Best Western, Carquest, Dairy Queen, Super 8, Cenex
  • Strategic Frontage and Visibility on S 1st St with Traffic Counts of 2,735 VPD | 0.5-mi from I-70 with over 13K VPD
  • Attractive Demographics with Annual Household Income of ±$89,776 (5-mile radius)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$115,000 USD

PRICE/SF

$11 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction-REIT Sale | Fmr Family Dollar Tree

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

Commercial

APN/PARCEL ID

083-08-0-00-03-013.01-0

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

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