REIT Sale | Former Family Dollar & Dollar Tree | 2021 Built | 1.17 Acres

Highlights:

• 10,564 SF Freestanding Value-Add Retail on 1.17 Acres Available at Substantial Discount Below Replacement Cost
• Built in 2021; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Surrounding Traffic Generators: Dollar General, USPS, Hill City Municipal Airport, Heartland Foods, Carquest Auto Parts, Farmers Lumber Co
• Strategic Frontage and Visibility with Traffic Counts of 1,842 VPD on S 4th Avenue
• No Zoning, Allowing for a Variety of Redevelopment or Alternative Commercial Uses
• Attractive Demographics with $64,283 Average Household Income (10-mile)

Description:

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

https://rimarketplace.com/auction/2750/reit-sale-former-family-dollar-dollar-tree-2021-built-1.17-acres?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2750

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 317 S. 4th Avenue in Hill City, Kansas 67642 (the “Property”). Formerly occupied by Family Dollar–Dollar Tree, the Property is offered significantly below replacement cost, creating an exceptional 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 2021, the Property consists of a ±10,564-square-foot single-story building situated on a ±1.17-acre parcel (±51,133 SF) with a concrete surface parking lot offering 45 spaces. Constructed to modern design standards, the building features a standard retail layout and flexible footprint. The site is adjacent to a local Frontier AG gas station and benefits from one point of ingress/egress along W Cedar Street with ±38 feet of frontage along S. 4th Avenue/U.S. Hwy 283, which sees approximately ±1,842 vehicles per day (VPD). 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. With no zoning ordinance or zoning regulations in the City of Hill City, the Property can support a wide variety of commercial uses, further enhancing its flexibility and appeal for both owner-users and investors seeking a strategically positioned asset at an attractive cost basis.

The Property is located in Hill City, Kansas, the county seat of Graham County, and benefits from prime highway frontage along a main area throughfare, S 4th Avenue/U.S. Hwy 283 (±1,842 VPD), less than ±¼-mi from W. Main Street (±3,594 VPD). The site benefits from this strong visibility and accessibility along a key north–south corridor that connects Hill City to Stockton (±30-mi south), Norton (±35-mi north), and regional destinations across northwest Kansas. Positioned adjacent to Frontier AG Gas with the surrounding corridor featuring a mix of national and local retailers and service providers—such as Dollar General, Outdoor Bank, and Casey’s and United Ag Coop—that draw consistent consumer and commuter traffic. The Property is less than ±1-mi from Downtown Hill City, providing convenient access to civic institutions, schools, and residential neighborhoods. Hill City functions as an incorporated service hub for Graham County, attracting residents from surrounding towns for local retail, dining, religious institutions, and essential services. Anchored by its agricultural base and reinforced by regional pass-through traffic, Hill City offers a stable demand foundation for retail, service, or adaptive re-use opportunities. With a population of approximately ±1,888 residents within a 10-mi area and more than ±2,370 residents countywide—supported by an average household income (AHHI) of over $64k—the Hill City trade area is further reinforced by its role in agriculture, manufacturing, and regional transportation.


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: