Convenience Store with
For Sale
$250,000
17 Ohio 202 Troy, Troy, OH 45373
Convenience retail and prepared food operation with drive-through capability, fuel sales, and covered seating for efficient customer flow.
Property Size952 SF
Price / SF$262.61
Days on Market47
Property Features for 17 Ohio 202 Troy
General Information
Standard status
Active
Size
952 SF
Total Parking Spaces
11
Additional Details
Business Included
Yes
Liquor License
Yes
Amenities
No
Well
952.0
Building Details
Building Size
952 SF
Stories
1
Listing Agency:
(614) 660-5959
Listed By:
Neil (Tony) Mason
(614) 660-5959
Source:
Movenowohio
Added: Jul 6
Changed: Aug 14
Last Checked: Aug 21 at 3:57AM
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 Neil (Tony) Mason
Investment Insights
Based on property information with market context.
This established convenience store and food service business includes retail and prepared foods alongside fuel sales and drive-through capability. The property features a layout designed for efficient customer flow, with 11 parking spaces and covered seating. Included in the sale are all equipment, fixtures, refrigeration, and inventory, along with recent capital improvements. Beverage and tobacco operations are supported by licenses that transfer with the sale, including a beer and wine license and a cigarette license.
The business is located just outside Troy, Ohio in an area described as having limited comparable drive-through convenience options. Fuel sales include 87 grade gasoline. The menu includes proprietary pizza, sandwiches, hot foods, and seasonal ice cream offerings.
For buyers seeking a ready-to-operate convenience concept that combines retail, prepared food, and fuel under one roof, this offering includes the operational components needed for immediate continuity. The package also includes associated digital presence, including a website, Facebook page, and branding assets, along with business equipment and inventory for a smooth transition to new ownership.
The business is located just outside Troy, Ohio in an area described as having limited comparable drive-through convenience options. Fuel sales include 87 grade gasoline. The menu includes proprietary pizza, sandwiches, hot foods, and seasonal ice cream offerings.
For buyers seeking a ready-to-operate convenience concept that combines retail, prepared food, and fuel under one roof, this offering includes the operational components needed for immediate continuity. The package also includes associated digital presence, including a website, Facebook page, and branding assets, along with business equipment and inventory for a smooth transition to new ownership.
Key Highlights
- Convenience store and food service business with drive‑through capability, plus retail, prepared food, and alcohol sales
- Fuel sales include 87 grade gasoline
- Includes beer and wine license and cigarette license, with fuel and food retail operations
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
$10,659
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
4.26%
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%
$213,180
$213.2K
Cap Rate 7%
$152,271
$152.3K
Cap Rate 9%
$118,433
$118.4K
Market Conditions
NOI Build-Up for 952 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
$14.9K $15.60/SF
− Vacancy
−$639 −$0.67/SF
EGI
$14.2K $14.93/SF
− OpEx
−$3.6K −$3.73/SF
NOI
$10.7K $11.20/SF
Area
Miami County, OH
Vacancy
4.30%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
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%
$213,180
Cap Rate 7%
$152,271
Cap Rate 9%
$118,433
Alternative Uses
Best Use
Specialty Retail
$152.3K
$133.2K – $177.7K
NOI $10,659 @ 7.0% cap · market cap 4.26%
Second Best
Industrial
$149.9K
$131.1K – $174.8K
NOI $10,490 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$194.0K
$169.8K – $226.4K
NOI $13,582 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45373, OH
36,863
Population
15,691
Households
2.3
Avg Household Size
41
Median Age
33%
College-Educated
93%
High-School Grad
87.7 sq mi
ZIP Area
420
Density / Sq Mi
$78,278
Median Household Income
$47,859
Median Earnings
$933
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Convenience retail and prepared food operation with drive-through capability, fuel sales, and covered seating for efficient customer flow.
Where is this grocery and convenience store located?
The property is located at 17 Ohio 202 Troy Troy, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Convenience store and food service business with drive‑through capability, plus retail, prepared food, and alcohol sales; Fuel sales include 87 grade gasoline; Includes beer and wine license and cigarette license, with fuel and food retail operations
