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

Highlights:

• 10,697 SF Freestanding Value-Add Retail on 1.05 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, Ace Hardware, Airport, Napa Auto Parts, USPS, Country Inn & Suites, St. Luke Hospital, Subway
• Just Off US Hwy 56 with Traffic Counts of 2,221 VPD with Access and Visibility on N Roosevelt Street
• Attractive Demographics with Population of ±4,260 and Annual Household Income of ±$68,111 (10-mile radius)
• Zoned GC, General Commercial District with a Variety of Commercial Uses

Description:

Ri Marketplace Online Auction December 15th-17th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2779/reit-sale-former-family-dollar-dollar-tree-2022-built?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2779

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 826 N Roosevelt Street, Marion, Marion County, Kansas 66861 (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 ±10,697-square-foot, single-story free-standing retail building situated on ±45,900 square feet (±1.05 acres) with an asphalt surface parking lot with 33 spaces. The site is strategically positioned with ±173 feet of frontage along N Roosevelt Street and approximately 0.5-miles from US Highway 56 which sees approximately ±2,221 vehicles per day (VPD), ensuring 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 $5–$6/SF NNN. Zoned GC (General Commercial District), the Property accommodates a wide range of commercial uses, enhancing its appeal to both a diverse variety of end-users and investors alike.

Marion is located along U.S. Route 56 and within the scenic Flint Hills region of central Kansas, providing regional visibility and support from surrounding rural trade. The county economy is anchored in education, manufacturing, and agriculture. The site is situated just north of central Marion, offering convenient access to local businesses, schools, and established residential neighborhoods. Surrounding traffic generators include Dollar General, Ace Hardware, Airport, Napa Auto Parts, USPS, Country Inn & Suites, St. Luke Hospital, Subway, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 4,337 residents and an average household income of ±$68,111 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: