Marcus & Millichap Brokers $3.4M Sale of Five-Suite Retail Strip in Hutchinson, Kansas
Marcus & Millichap, a leading commercial real estate brokerage firm, has announced the sale of a four-suite retail strip and a Dillon's Fuel Station Ground Lease in Hutchinson, Kansas. The property, located at 401 E. 4th Ave., spans 50,420 square feet and is leased to national tenants including Planet Fitness, Dollar Tree, and Dillon's Fuel Station. The sale was facilitated by Mark Ruble, Chris Lind, and Zack House from Marcus & Millichap's Phoenix office, in association with Colby Haugness, the firm's broker of record in Kansas.
Key Takeaways:
- The sale of 401 E. 4th Ave. resulted in a total consideration of $3,415,000, marking a significant commercial real estate transaction in the Hutchinson area.
- The property, built in 1968, sits on 3.98 acres adjacent to downtown Hutchinson and benefits from a high population density, with over 46,000 residents within a five-mile radius.
- The sale was facilitated by a team of investment specialists from Marcus & Millichap, highlighting the firm's expertise in commercial real estate transaction brokerage and advisory services.
- The transaction highlights the growing demand for retail and commercial properties in small cities like Hutchinson, Kansas.
- The sale further solidifies Marcus & Millichap's position as a leading player in the commercial real estate market, with a sales volume of approximately $49.6 billion in 2024.
Statistics:
- Total consideration for the sale: $3,415,000
- Property size: 50,420 square feet
- Leased tenants: Planet Fitness, Dollar Tree, and Dillon's Fuel Station
- Population within a five-mile radius: over 46,000 residents
- Sales volume of Marcus & Millichap in 2024: approximately $49.6 billion
- Number of transactions closed by Marcus & Millichap in 2024: 7,836
Sources:
- https://www.marcusmillichap.com/news-events/press/2025/08/08-18-401e4thave
- Marcus & Millichap, Inc. (NYSE: MMI)