REIT Sale | Former Family Dollar & Dollar Tree | 2022 Built | 1.45 Acres

Highlights:

• 10,594 SF Freestanding Value-Add Retail on 1.45 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: Dollar General, Subway, Cenex, Napa Autopro, Phillips 66, Civic Center, Airport, and more
• Strategic Highway Frontage and Visibility on W Frontier Pkwy with Traffic Counts of 2,861 VPD and Just off US Hwy 83 with 2,465 VPD
• Zoned C-G, Commercial General 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/2769/reit-sale-former-family-dollar-dollar-tree-2022-built-1.45-acres?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2769

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 213 W Frontier Pkwy in Oberlin, Decatur County, Kansas 67749 (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 ±10,594-square-foot, single-story free-standing retail building situated on ±63,000 square feet (±1.45 acres) with a concrete surface parking lot with 36 spaces. The site is strategically positioned with ±210 feet of frontage along Frontier Parkway which sees approximately ±2,861 vehicles per day (VPD), ensuring 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 retail rents of $6–$7/SF NNN. Zoned C-G (Commercial General District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.

Oberlin, Kansas is the county seat of Decatur County in northwest Kansas and presents a focused opportunity for commercial real estate developers, especially in agricultural services and highway‑oriented uses. Positioned at the intersection of U.S. Routes 36 and 83, Oberlin offers strong regional connectivity across the High Plains. Its local economy is supported by ag‑service industries and public sector employment, which underpin demand for retail, professional services, and small‑scale industrial uses. The Property is positioned along W Frontier Pkwy (US Hwy 36) which is the region’s primary commercial corridor and just off US Hwy 83. The site is situated in central Oberlin, offering convenient access to local businesses, schools, and established residential neighborhoods. Surrounding retailers include Dollar General, Subway, Cenex, Napa Autopro, Phillips 66, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. The Property is further supported by Gateway Civic Center, Oberlin Municipal Airport, Decatur Community Jr Sr High School, area churches, and nearby agricultural businesses, which collectively provide steady daytime demand and a balanced consumer base. With over 2,091 residents and an average household income of ±$63,401 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.


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: