The subject property is a new Duckwall - ALCO retail store located in the northeastern Colorado City of Wray. This 25,614 sf store replaced a successful smaller store which has been closed closed. Wray’s ecomony is dominated by oil and gas exploration (Berry Petroleum, Excell Services, National Oil) and agribusiness (Lenz Farms - potatoes, Pro-Health - potatoes, wheat and corn). Wray is the county seat of Yuma County and is located on the Northeastern Colorado Plains with Nebraska and Kansas at its border. ALCO is across the street from the city’s main retail shopping center. The trade area is 60 miles surrounding this store. The closest Walmart is more than 80 miles away. ALCO is a discount general merchandise retailer selling name brand products in smaller towns throughout the midwest U.S.

Tenant: Duckwall - ALCO Stores, Inc.
Duckwall-ALCO Stores, Inc is a regional retailer that specializes in offering an exceptional product selection at reasonable prices to smaller underserved communities throughout the central Unites States. Founded in 1901, the Company began operations as a variety store or dime store. Stores average 20,000 sf more than double the size of other deep discount competitors. The Company’s strategy is to identify and open stores in towns that will provide the highest return on investment. The Company operates 264 stores in 23 states in the central United States. The Company targets smaller markets not served by other regional or national full-line retailers to provide the most convenient access to retail shopping. Ideal markets are one’s with population of less than 5,000 and trade area of under 20,000. Stores carry 35,000 name brand items including apparel, automotive, candy, crafts, domestics, electronics, furniture, hardware, health and beauty, housewares, jewelry, music, sporting goods and toys. The Company has licensing agreement with large retailers like Radio Shack and Bass Pro Shops to sell their products in these smaller markets.