312 W Carthage St - Freestanding FOR SALE


Meade, KS 67864
$115,000 USD
305-206-1286
312 W Carthage St, Meade, KS for Sale
$115,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

312 W Carthage St
Meade, KS 67864


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | 7K VPD | AUCTION DECEMBER 8-10
  • 10,608 SF Freestanding Value-Add Retail on 0.96 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
  • Nearby National Retailers: Dollar General, Subway, Conoco, ACE Hardware, USPS, Love’s Travel Stop, Pizza Hut and more
  • 7,599 VPD Traffic Count with Frontage and Visibility on W Carthage St | Access & Frontage on Three Roads
  • Attractive Demographics with Annual Household Income of ±$92,312 (5-Mile)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 312 W Carthage Street, Meade, Meade County, Kansas 67864 (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 secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE! Built in 2022, the Property consists of a ±10,608-SF single-story building on three parcels totaling ±0.96-acres (±42,000 SF) with a concrete surface parking lot offering 30 spaces. Constructed to modern design standards, the building features an open retail floor plan and a flexible footprint suitable for a wide range of commercial uses. The site is strategically positioned with ±300 feet of frontage along West Carthage Street which sees approximately ±7,599 vehicles per day (VPD), ensuring visibility and accessibility. The Property also benefits from access and frontage along N Cedar Street and N Park Street. Previously operated in 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 rents in the range of $6-$7/SF NNN. Zoned C-S, Highway Service District, the Property can accommodate a wide variety of retail, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal. Meade is the county seat of Meade County, Kansas, located at the intersection of U.S. Routes?54 and?160 and Kansas?Highway?23 in southwest Kansas. The site is strategically located at the dual hard corner intersection of West Carthage Street, North Cedar Street, and North Park Street ensuring strong visibility and accessibility for both local residents and regional traffic. The city’s economy is rooted in agriculture and serves as a regional hub for farm-based services and trade. With its broad highway frontage and stable local commerce, Meade offers a low-competition environment for investors seeking value-add or ground-up commercial opportunities. The 5-mi trade area has approximately ±1,671 residents with an average household income (AHHI) of ±$92,193, underpinned by the county’s role in agriculture and retail trade.

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

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

Commercial

APN/PARCEL ID

131-02-0-30-44-006.00-0

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.