REIT Sale | Former Family Dollar & Dollar Tree | 2021 Built | 3.03 Acres | Wichita MSA

Highlights:

• 10,578 SF Freestanding Value-Add Retail Available at Substantial Discount Below Replacement Cost
• Surrounding Traffic Generators: Dollar General, Pizza Hut, High School, Clara Barton Medical Center, Park View Inn & Suites, and more
• Hard Corner with 1,772 VPD Traffic Counts on US-281 | Near N Main St with Traffic Counts of ±5,023 VPD
• Zoned C-S, Highway Service District with a Variety of Commercial Uses
• Attractive Demographics with $80,451 Average Household Income (10-mile)
• Absolute $1 Auction – NO RESERVE!

Description:

Ri Marketplace Online Auction October 27th-29th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2744/reit-sale-former-family-dollar-dollar-tree-2021-built-3.03-acres-wichita-msa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2744


Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 52 W K-4 Hwy in Hoisington, KS 67544 (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 with highway frontage on at a compelling basis. FIRST BID MEETS RESERVE!

Built in 2021, the Property consists of a ±10,578-square-foot single-story free-standing retail building situated on ±132,000 square feet (±3.03 acres) with 46 surface parking spaces. Constructed with a metal-on-steel frame, the building features 12-foot clear heights and a fully built-out standard retail layout. The site provides one point of ingress/egress and ±200 feet of frontage along U.S. Hwy 281/K-4 Highway, which sees approximately ±1,772 vehicles per day (VPD). 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 $8–$10/SF NNN. Zoned C-S (Highway Service District), the Property supports a broad variety of commercial uses, enhancing its appeal to both owner-users and investors seeking a highly visible, strategically positioned asset at a compelling basis.

The Property is located in Hoisington, Kansas, within Barton County, and benefits from prominent visibility along U.S. Hwy 281/K-4 Highway, a key arterial linking Hoisington with Great Bend (±10 miles south) and regional destinations across central Kansas, including Wichita just ±2 hours away. The corridor supports both local traffic and regional pass-through demand, making it an important commercial spine for retail and services. Surrounding retailers and service providers include Clara Barton Medical Center, Dollar General, Pizza Hut, Dairy Queen, and a variety of local restaurants, along with schools and civic institutions that generate consistent daily traffic. The Property is less than ±1 mile from Downtown Hoisington, providing convenient access to residential neighborhoods and community amenities, while its positioning along U.S. Hwy 281 ensures efficient connectivity to Great Bend Municipal Airport, Cheyenne Bottoms Wildlife Area, and agricultural businesses that anchor the regional economy. With a population of nearly 6,800 residents in Hoisington and an average household income of ±$80,451 within a 10-mile radius, the Barton County trade area sustains reliable demand for retail, restaurant, and local professional services. Hoisington’s strong community base, combined with its strategic highway access, makes the Property an attractive opportunity for both owner-users and investors seeking a high-visibility, cost-effective location.


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: