Convenience Store with ATM and No
For Sale
Contact for pricing
120 E MAIN ST, Timmonsville, SC 29161
Convenience store with ATM and no gas, built in 1930 and sized at 1,512 SF.
Property Size1,512 SF
Price / SF$95.90
Days on Market51
Property Features for 120 E MAIN ST
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
1930
Units
2
Listing Agency:
Shane Crummie
Listed By:
Shane Weatherford · License #131373
Source:
Crexi
Added: Jul 26
Changed: Aug 14
Last Checked: Sep 13 at 4:37AM
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 Shane Crummie
Investment Insights
Based on property information with market context.
This convenience store at 120 E Main St offers a compact retail footprint of 1,512 SF and was built in 1930. The operation includes an ATM and does not offer gas service. The store also supports a liquor component and lottery offerings as part of its in-store mix.
The property is presented for sale with operating details that indicate the property owner pays taxes and insurance. Store hours are referenced, though specific hours are not provided in the available information.
Overall, this is a small-format neighborhood retail concept built around everyday convenience and multiple in-store revenue streams, positioned to serve customers seeking lottery and liquor alongside standard convenience items.
The property is presented for sale with operating details that indicate the property owner pays taxes and insurance. Store hours are referenced, though specific hours are not provided in the available information.
Overall, this is a small-format neighborhood retail concept built around everyday convenience and multiple in-store revenue streams, positioned to serve customers seeking lottery and liquor alongside standard convenience items.
Key Highlights
- 1,512 SF convenience store building
- Built in 1930
- ATM on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,835
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$216,700
$216.7K
Cap Rate 7%
$154,786
$154.8K
Cap Rate 9%
$120,389
$120.4K
Market Conditions
NOI Build-Up for 1,512 SF
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.
Gross rent
$17.2K $11.40/SF
− Vacancy
−$1.8K −$1.16/SF
EGI
$15.5K $10.24/SF
− OpEx
−$4.6K −$3.07/SF
NOI
$10.8K $7.17/SF
Area
Florence County, SC
Vacancy
10.20%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$216,700
Cap Rate 7%
$154,786
Cap Rate 9%
$120,389
Alternative Uses
Best Use
Specialty Retail
$218.1K
$190.9K – $254.5K
NOI $15,269 @ 7.0% cap · market cap 10.53%
Second Best
Retail
$154.8K
$135.4K – $180.6K
NOI $10,835 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$222.9K
$195.1K – $260.1K
NOI $15,604 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
28k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 31%
Groceries 25%
Hardee's
Dining
8,712 visits/mo
0.2 miles
Piggly Wiggly
Groceries
7,181 visits/mo
0.3 miles
Dollar General
Shops & Services
6,649 visits/mo
0.4 miles
Family Dollar
Shops & Services
3,408 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
1,847 visits/mo
0.2 miles
Demographics for 29161, SC
10,728
Population
5,115
Households
2.1
Avg Household Size
44
Median Age
16%
College-Educated
85%
High-School Grad
135.2 sq mi
ZIP Area
79
Density / Sq Mi
$47,923
Median Household Income
$34,762
Median Earnings
$897
Median Rent
$126,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Convenience store with ATM and no gas, built in 1930 and sized at 1,512 SF.
Where is this grocery and convenience store located?
The property is located at 120 E MAIN ST Timmonsville, SC.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,512 SF convenience store building; Built in 1930; ATM on site
