Family Dollar NNN Retail
For Sale
Contact for pricing
141 W Myrtle Beach Hwy, Johnsonville, SC 29555
The lease runs through July 31, 2033, with five five-year renewal options.
Property Size10,500 SF
Price / SF$180
Days on Market200
Property Features for 141 W Myrtle Beach Hwy
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Retail
Net Operating Income
$132,195
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
HB Springs Co. Commercial Real Estate
Listed By:
Van Davenport · License #SC
Source:
Crexi
Added: Mar 31
Changed: Oct 11
Last Checked: Oct 14 at 11:16PM
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 HB Springs Co. Commercial Real Estate
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Investment Insights
Based on property information with market context.
This NNN retail property includes a 10,500-square-foot building occupied by Family Dollar in Johnsonville, South Carolina. The lease is scheduled to remain in place through July 31, 2033, and provides five additional five-year renewal options.
Tenant responsibilities include property taxes, property insurance, HVAC repairs, parking-lot upkeep, and landscaping. The landlord retains responsibility for the roof, structural components, and HVAC replacement. The property is located at 141 W Myrtle Beach Hwy in Johnsonville, within southeastern Florence County.
Tenant responsibilities include property taxes, property insurance, HVAC repairs, parking-lot upkeep, and landscaping. The landlord retains responsibility for the roof, structural components, and HVAC replacement. The property is located at 141 W Myrtle Beach Hwy in Johnsonville, within southeastern Florence County.
Key Highlights
- 10,500‑square‑foot retail building occupied by Family Dollar
- Lease expiration scheduled for July 31, 2033
- Five five‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,032
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,120,640
$2.1M
Cap Rate 7%
$1,514,743
$1.5M
Cap Rate 9%
$1,178,133
$1.2M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$147.4K $14.04/SF
− Vacancy
−$6.0K −$0.58/SF
EGI
$141.4K $13.46/SF
− OpEx
−$35.3K −$3.37/SF
NOI
$106.0K $10.10/SF
Area
Florence County, SC
Vacancy
4.10%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,120,640
Cap Rate 7%
$1,514,743
Cap Rate 9%
$1,178,133
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.33M – $1.77M
NOI $106,032 @ 7.0% cap · market cap 5.61%
Second Best
Retail
$1.07M
$940.5K – $1.25M
NOI $75,243 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,360 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 29555, SC
5,878
Population
2,484
Households
2.4
Avg Household Size
39
Median Age
18%
College-Educated
90%
High-School Grad
95.0 sq mi
ZIP Area
62
Density / Sq Mi
$61,144
Median Household Income
$42,693
Median Earnings
$709
Median Rent
$118,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - The lease runs through July 31, 2033, with five five-year renewal options.
Where is this nnn property located?
The property is located at 141 W Myrtle Beach Hwy Johnsonville, SC.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 10,500‑square‑foot retail building occupied by Family Dollar; Lease expiration scheduled for July 31, 2033; Five five‑year renewal options
