For Sale
$1,578,171

17 Minchew RdAxson, GA 31624

High-yield NNN retail investment. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640-square-foot Dollar General store in Axson, Georgia. Built in 2024, this single-story building sits on a one-acre lot with 35 parking spaces and enjoys a highly visible corner location on Minchew Road and Highway 85, a road with 4,831 cars per day. The property boasts a 15-year absolute NNN lease (commencing January 29, 2023, and expiring January 31, 2038), leaving zero landlord responsibilities. The lease includes five 5-year renewal options, each with a 10% rent increase. Dollar General, an investment-grade tenant with a "BBB" credit rating, provides a corporate guarantee. The current net operating income (NOI) is $110,472, yielding a 7.00% cap rate at the asking price of $1,578,171 ($148.32/sq ft). The property's strong location is supported by a three-mile average household income of $57,020 and a ten-mile population of 6,896. This is a prime opportunity for a 1031 exchange or passive investor seeking a secure, high-return retail investment with a financially sound, nationally recognized tenant. The property is zoned commercial.

Highlights

  • New 15-year absolute NNN lease with 13.75 years remaining.
  • Zero landlord responsibilities.
  • Five, five-year options with 10% rent increases each.
  • Corner location with easy Highway 82 access.
  • 2023 built-to-suit (BTS) construction featuring an upgraded storefront.
  • Trade area boasts $65,145 average household income (3-mile radius) and 67,896 population (10-mile radius).

Property Details for 17 Minchew Rd

Property type
Retail properties, Retail space
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Axson
County
Atkinson
State
Georgia
Latitude
31.2769385
Longitude
-82.7344735
17 Minchew Rd, Axson, Georgia

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17 Minchew Rd
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