REIT Sale | Former Family Dollar & Dollar Tree | 2022 Built | 7K VPD

Highlights:

• 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)
• Zoned C-S, Highway Service District with a Variety of Commercial Uses

Description:

Ri Marketplace Online Auction December 8th-10th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2768/reit-sale-former-family-dollar-dollar-tree-2022-built-7k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2768

Marcus & Millichap and RI Marketplace are 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.


Richard Shawn Terrel
c/o Fisher Auction Company Inc.
License: 00216208
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: