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Dollar General Double-Net Retail Property
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167 Butler Ave, Midway, GA 31320

Corporate lease guarantee and a recently completed five-year extension strengthen the property’s existing tenancy profile.

Property Size12,480 SF
Lot Size1.45 Acres
Days on Market143

Property Features for 167 Butler Ave

General Information

Standard status Active
Size 12,480 SF
Lot size 1.45 Acres
Property subtype Retail

Additional Details

Traffic Count 10,600 vehicles/day

Building Details

Buildings 1
Tenancy Single
Listing Agency: CBRE - Saddle Brook
Listed By: Karly Iacono · License #NY 10401274993
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 5:27AM

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 CBRE - Saddle Brook

Investment Insights

Based on property information with market context.

This 12,480-square-foot retail property occupies 1.45 acres and is leased to Dollar General under a double-net structure. More than five years remain in the firm lease term, which is corporately guaranteed by Dollar General, rated BBB by Standard & Poor’s. A five-year extension was recently completed, and the lease provides for a 5% rent increase in 2025, a 5% increase during the first option, and 10% increases during the remaining options.

The property is near Butler Ave and E Oglethorpe Highway, a location that records roughly 10,600 vehicles per day. Nearby retailers and services include O’Reilly Auto Parts, Family Dollar, USPS, and Midway IGA Foodliner. Live Oak Villas, a 60-unit apartment complex, is less than one-half mile away, while approximately 8,700 people reside within five miles.

Key Highlights

  • 12,480‑square‑foot Dollar General retail property on 1.45 acres
  • Double‑net lease with over five years of firm term remaining
  • Corporate guarantee from Dollar General with a BBB rating by Standard & Poor’s

Property Analytics

Current Use

Western Union Bank Dollar General Discount Store FedEx OnSite Postal Service

Suggested Use

Top Pick Building Supply Electrical Service Real Estate Agency Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10,600 VPD
Traffic count
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

121
Businesses Nearby
17k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 62% Groceries 38%
Midway IGA Foodliner Groceries
6,483 visits/mo 0.1 miles
Dollar General Shops & Services
5,460 visits/mo 0.1 miles
Family Dollar Shops & Services
2,733 visits/mo 0.1 miles
O'Reilly Auto Parts Shops & Services
2,244 visits/mo 0.0 miles
Jackson Hewitt Tax Service Shops & Services
332 visits/mo 0.0 miles

Demographics for 31320, GA

9,790
Population
4,631
Households
2.1
Avg Household Size
43
Median Age
20%
College-Educated
90%
High-School Grad
123.6 sq mi
ZIP Area
79
Density / Sq Mi
$68,958
Median Household Income
$36,785
Median Earnings
$1,077
Median Rent
$215,900
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Corporate lease guarantee and a recently completed five-year extension strengthen the property’s existing tenancy profile.
Where is this nnn property located?
The property is located at 167 Butler Ave Midway, GA.
What are key features of this property?
This property features: 12,480‑square‑foot Dollar General retail property on 1.45 acres; Double‑net lease with over five years of firm term remaining; Corporate guarantee from Dollar General with a BBB rating by Standard & Poor’s
More about this property
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