Grocery Store Retail
7312 K4 Hwy Meriden, KS 66512
For Sale
$875,000
Former grocery store building with on-site coolers and essential equipment, suited for a quick restart.
Property Size13,800 SF
Price / SF$63.41
Days on Market30
Property Features for 7312 K4 Hwy
General Information
- Standard status
- Active
- Size
- 13,800 SF
Listing Agency:
KW One Legacy Partners, LLC
(785) 383-0951
Listed By:
Sandra Haines
(785) 383-0951
Source:
Exprealty
Added: Jun 24
Changed: Jul 22
Last Checked: Jul 23 at 11:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW One Legacy Partners, LLC
Investment Insights
Based on property information with market context.
This 13,800-square-foot retail building previously operated as a fully functional grocery store. The on-site setup includes essential equipment such as coolers, which remains in place for a potential quick restart. The configuration supports a range of retail and service uses, depending on an operator’s build-out and business needs.
The property is located in a high-traffic area on K-4 Highway, at 7312 K4 Hwy in Meriden, KS. Access and visibility are tied to its placement along the highway.
The offering is positioned as a versatile commercial space with existing core infrastructure and equipment already on site.
The property is located in a high-traffic area on K-4 Highway, at 7312 K4 Hwy in Meriden, KS. Access and visibility are tied to its placement along the highway.
The offering is positioned as a versatile commercial space with existing core infrastructure and equipment already on site.
Key Highlights
- 13,800 SF building on K‑4 Highway in a high‑traffic area
- Previously operated as a fully functional grocery store
- Essential equipment remains on‑site, including coolers
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.2k | $9.00 |
| − Vacancy | −$9.9k | −$0.72 |
| EGI | $114.3k | $8.28 |
| − OpEx | −$34.3k | −$2.48 |
| NOI | $80.0k | $5.80 |
13,800 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.42M
$1.24M – $1.65M
NOI $99,236 @ 7.0% cap · market cap 11.34%
Second Best
Retail
$1.14M
$999.8K – $1.33M
NOI $79,985 @ 7.0% cap · market cap 9.14%
Theoretical Best
Self Storage
$1.56M
$1.36M – $1.82M
NOI $108,965 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Off Market Nearby
- Country Harvest Apple Market — 7312 KS-4, Meriden, KS 66512
FAQs
What type of property is this?
Grocery and convenience store - Former grocery store building with on-site coolers and essential equipment, suited for a quick restart.
Where is this grocery and convenience store located?
The property is located at 7312 K4 Hwy Meriden, KS.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 13,800 SF building on K‑4 Highway in a high‑traffic area; Previously operated as a fully functional grocery store; Essential equipment remains on‑site, including coolers
