Marcus & Millichap has completed the sale of 401 E. 4th Ave., a four-suite retail strip and a Dillon’s Fuel Station Ground Lease in Hutchinson, Kansas.
The 50,420-square-foot property is leased to national tenants including Planet Fitness, Dollar Tree and Dillon’s Fuel Station. It sold for $3,415,000.
Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, in association with Colby Haugness, Marcus & Millichap’s broker of record in Kansas, had the exclusive listing to market the property on behalf of the seller, a Kansas limited liability company.
Built in 1968, the 50,420-square-foot property sits on 3.98 acres adjacent to downtown Hutchinson. The center is located one mile south of Hutchinson High School and Hutchinson Community College.
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