For Auction
REIT Sale | Former Dollar General | Built 2011 | 6K VPD
Kansas, OK 74347Represented by
Marcus & Millichap
Asset Snapshot
Investment Highlights
Offering Summary
For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**Tours will not be allowed after auction.
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 124 State Highway 10 in Kansas, Oklahoma is a vacant ±9,186 SF freestanding retail building on ±1.03 acres offered significantly below replacement cost, presenting an attractive opportunity for owner-users, investors, or developers to acquire a highly visible retail asset at an exceptional basis. Built in 2011 and formerly occupied by Dollar General, the Property features an open floor plan, 29 parking spaces, approximately 188 feet of State Highway 10 frontage, and a 17.6-foot building height. The site is near Tulsa Avenue, which carries ±6,254 VPD, and approximately 0.5 mile from U.S. Highway 412, providing regional connectivity toward Tulsa and Northwest Arkansas. CoStar estimates retail market rent at approximately $14 PSF NNN. The City of Kansas does not maintain conventional zoning districts, creating flexibility for potential retail, office, educational, service, and other commercial uses, subject to municipal approval and buyer verification. Offered below replacement cost, the Property presents a compelling opportunity for owner occupancy, lease-up, adaptive reuse, or repositioning.
Due Diligence
Location
Kansas sits in northeast Oklahoma near U.S. Highway 412, with access to Tahlequah, Tulsa, and Northwest Arkansas. The Property is about 35 minutes from Tahlequah and 60 minutes from Tulsa, while Cherokee Nation and Northeastern State University support regional demand. The 5-mile trade area includes 4,000+ residents with average household income above $74,000.
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5% or $20,000 minimum
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
