REIT Sale | Former Family Dollar & Dollar Tree | 2022 Built | 1.4 Acres | Springfield DMA

Highlights:

• 10,654 SF Freestanding Value-Add Retail on 1.39 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: Conoco, Alton High School, Harps Food Store, Mills Feed, Missouri License Bureau, and more
• Strategic Highway Visibility on Both US-Hwy 160 with Traffic Counts of 1,499 VPD and State Hwy 19 with 1,828 VPD
• No Zoning, Allowing for a Variety of Redevelopment or Alternative Commercial Uses
• Absolute $1 Auction – NO RESERVE!

Description:

Ri Marketplace Online Auction November 3-5, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2754/reit-sale-former-family-dollar-dollar-tree-2022-built-1.4-acres-springfield-dma?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2754

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 501 Old Highway 19 in Alton, MO 65606 (the “Property”). Formerly occupied by Family Dollar–Dollar Tree, the Property is being offered significantly below replacement cost, creating an exceptional opportunity for owner-users or investors to acquire 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 ±10,654-SF single-story retail building situated on a ±1.39-acre parcel (±60,548 SF) with 35 surface parking spaces. The building features modern construction, a large open retail floor plan, two restrooms, and one office/storage area at the rear. The site provides one point of ingress/egress, ±161 feet of frontage along State Road 19 (±1,828 VPD), and ±165 feet of frontage along U.S. Route 160 (±1,499 VPD), ensuring strong visibility and 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 rents in the range of $6-$7/SF NNN. With no zoning ordinance or zoning regulations in the City of Alton, the Property supports a wide variety of commercial uses, further enhancing its flexibility and appeal for both investors and owner-users seeking a well-positioned asset at a highly attractive cost basis.

The Property is located in Alton, Missouri, the county seat of Oregon County, and benefits from prominent visibility along both State Road 19 and U.S. Route 160, two key corridors serving southern Missouri. This positioning connects Alton directly to West Plains (±30-mi north), Poplar Bluff (±65-mi east), and Springfield (±140-mi northwest), while also being less than ±20-mi from the Arkansas border. These routes support both local traffic and regional pass-through demand, reinforcing the site’s accessibility and visibility. The surrounding corridor features a mix of national and local retailers, service providers, and community anchors including Dollar General, Casey’s, Cover Lumber Company, and civic institutions that draw consistent daily traffic. The Property is located within the Missouri South Area submarket and is within minutes of Downtown Alton, providing convenient access to residential neighborhoods, schools, and government services that sustain steady consumer activity. Alton functions as the primary commercial and service hub for Oregon County and nearby rural communities, drawing residents from surrounding towns for retail, dining, healthcare, and essential services. With more than ±10,600 residents countywide and an economy anchored by agriculture, forestry, and tourism, the Alton trade area is further supported by attractions such as the Eleven Point River, Grand Gulf State Park, and Mark Twain National Forest, all of which bring visitors and spending power to the region. With a population of approximately ±3,252 residents within a 10-mi area supported by an average household income (AHHI) above $58k—the Alton trade area is further reinforced by its role in agriculture, manufacturing, and regional transportation.

Richard Shawn Terrel
c/o Fisher Auction Company Inc.
License: 2012000450
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

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