17 Minchew RdAxson, GA 31624

Property Details for 17 Minchew Rd

Year built

1900

Lot size

0.52 AC

Property size (Sq ft)

1,332 SF

Property type

Commercial land

APN

0050A-029

APU

0050A029

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $243,940

  Hospitality

  $223,448

  Educational

  $185,906

  Medical

  $192,300

  Retail

  $289,187

Location Insight

City

Axson

County

Atkinson

State

Georgia

Latitude

31.2775

Longitude

-82.7345

CBSA code

20060

CBSA name

DOUGLAS, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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