Family Dollar Convenience
For Sale
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166 W MAIN ST, Duncan, SC 29334
Family Dollar retail property in Duncan, South Carolina, constructed in 2021.
Property Size9,180 SF
Price / SF$129.41
Days on Market53
Property Features for 166 W MAIN ST
General Information
Standard status
Active
Size
9,180 SF
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$100,980
Building Details
Year Built
2021
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
The Boulder Group - Denver
(888) 737-2264
Listed By:
Zach Wright · License #IL 475164965
Source:
Crexi
Added: Jul 9
Changed: Aug 29
Last Checked: Aug 29 at 10:33PM
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 The Boulder Group - Denver
Investment Insights
Based on property information with market context.
This Family Dollar property is a 9,180-square-foot retail asset completed in 2021. The building is located at 166 W Main St in Duncan, South Carolina, within the Greenville-Spartanburg-Anderson CSA.
Key Highlights
- 9,180‑square‑foot retail property
- Family Dollar occupancy or branding
- Constructed in 2021
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
$105,605
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
8.89%
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%
$2,112,100
$2.1M
Cap Rate 7%
$1,508,643
$1.5M
Cap Rate 9%
$1,173,389
$1.2M
Market Conditions
NOI Build-Up for 9,180 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
$165.2K $18.00/SF
− Vacancy
−$14.4K −$1.57/SF
EGI
$150.9K $16.43/SF
− OpEx
−$45.3K −$4.93/SF
NOI
$105.6K $11.50/SF
Area
Spartanburg County, SC
Vacancy
8.70%
Lease Rate
$18.00 /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%
$2,112,100
Cap Rate 7%
$1,508,643
Cap Rate 9%
$1,173,389
Alternative Uses
Best Use
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,733 @ 7.0% cap · market cap 15.21%
Second Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,605 @ 7.0% cap · market cap 8.89%
Theoretical Best
Warehouse
$7.13M
$6.24M – $8.31M
NOI $498,865 @ 7.0% cap · market cap 41.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
8k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
4,390 visits/mo
0.4 miles
Family Dollar
Shops & Services
3,799 visits/mo
0.1 miles
Demographics for 29334, SC
16,472
Population
7,424
Households
2.2
Avg Household Size
36
Median Age
34%
College-Educated
93%
High-School Grad
23.0 sq mi
ZIP Area
716
Density / Sq Mi
$76,595
Median Household Income
$46,990
Median Earnings
$1,221
Median Rent
$267,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Family Dollar retail property in Duncan, South Carolina, constructed in 2021.
Where is this grocery and convenience store located?
The property is located at 166 W MAIN ST Duncan, SC.
What is the asking price?
The asking price for this property is $1,188,000.
What are key features of this property?
This property features: 9,180‑square‑foot retail property; Family Dollar occupancy or branding; Constructed in 2021
