REIT Sale | Former Hardee’s with Drive-Thru | 22K VPD

Highlights:

• Former Hardee’s Drive-Thru Restaurant: Freestanding former Hardee’s on ±1.27 acres includes drive-thru, 53 parking spaces, and pylon sign.
• Prominent I-35 Visibility and Exposure: ±212 feet along the interstate provides exposure to ±15,745 VPD plus ±6,474 VPD on E 12th Avenue.
• Adjacent Dollar General Drives Activity: Daily-needs retail next door adds recurring traffic within an established commercial corridor.
• Emporia State University Demand Nearby: ±1.5 miles from a 4,800+ student campus supporting dining, retail, and service demand.
• Flexible C-2 Restricted Commercial Zoning: District supports restaurant, retail, service, and redevelopment concepts, subject to approvals.
• Absolute $1 Auction: First Bid Meets Reserve!

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/3534/retail/emporia/ks?utm_source=aqqire&utm_medium=free_listing&utm_campaign=december2_2026&utm_content=retail_3534

For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**Tours will not be allowed after auction.

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 1126 E 12th Avenue in Emporia, Kansas is a vacant ±3,991-square-foot freestanding former Hardee’s positioned for restaurant reuse, owner-user occupancy, lease-up, or adaptive reuse. Built in 1969 on ±1.265 acres, the Property features an existing drive-thru, commercial kitchen, dining area, pylon sign, two access points, and approximately 53 surface parking spaces. The site abuts I-35 with ±212 feet of exposure to approximately 15,745 VPD and provides ±177 feet of frontage along E 12th Avenue, which carries ±6,474 VPD. Dollar General is directly adjacent, while nearby retailers, restaurants, convenience stores, and residential communities reinforce established commercial activity. Zoned C-2, Restricted Commercial District, the Property supports a range of restaurant, retail, service, and redevelopment concepts, subject to applicable approvals. Emporia State University, with 4,800+ students, is approximately 1.5 miles away, while I-335, US-50, and I-35 provide regional access to Topeka, Wichita, and Kansas City. Within five miles, the trade area includes more than 25,300 residents with average household income above $71,500. CoStar estimates market rents at approximately $13-$16/SF NNN, providing a benchmark for potential lease-up.

Location
Emporia is the Lyon County seat and a regional commercial, education, manufacturing, and service hub in east-central Kansas. I-35, I-335, and US-50 provide direct access toward Topeka, Wichita, and Kansas City, while Emporia State University, healthcare, food processing, manufacturing, and logistics employers support year-round regional economic activity.


Bidding Opens
Dec 01 1:00 AM
Bidding Closes
Dec 03 1:00 AM

Documents: