$1 Auction-REIT Sale | Fmr Family Dollar Tree 215 7th St. 10,590 SF Retail Building Washington, KS 66968 $90,000 ($8.50/SF)

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 215 W 7th Street, Washington, Washington County, Kansas 66968 (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 ±10,590-square-foot, single-story free-standing retail building situated on ±46,032 square feet (±1.05 acres) with a concrete surface parking lot with 39 spaces. The site is strategically positioned with ±296 feet of frontage along W 7th Street (US Highway 36) and two additional points of ingess/egress along W 6th Street, 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. With no zoning ordinance or zoning regulations in Washington County, the Property supports a wide variety of potential commercial uses, enhancing its flexibility and appeal for both investors and owner-users seeking a strategically positioned asset at an attractive cost basis.
Washington, Kansas is a rural community in north-central Kansas and serves as the county seat of Washington County. Strategically positioned at the junction of U.S. Route 36 and Kansas Highway 15, the city benefits from accessible regional transportation routes, making it viable for logistics and agricultural-related development. The area is supported by a strong agricultural economy, with grain farming and livestock production playing central roles in the local industry. Washington also hosts community infrastructure such as healthcare facilities, a public school district, and small manufacturing and service businesses that provide a stable employment base. Surrounding traffic generators include Dollar General, Thrivent, County Courthouse, High School, County Hospital, Washington Motel, along with local restaurants, service providers, and civic institutions that generate consistent daily traffic. With over 2,734 residents and an average household income of ±$60,978 within a 10-mile radius, the area sustains reliable demand for retail, restaurant, and professional service users.