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    17 Minchew Rd Axson, GA 31624

    Sponsored
    For Sale
    $1,578,171

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

    Property size:
    10,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    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.

    Property Features for 17 Minchew Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,640 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    1

    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 Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store

    Suggested Use

    Restaurant Building Supply Wholesale Shop HVAC Service Italian Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Axson
    County
    Atkinson
    State
    Georgia
    Longitude
    -82.7344735
    Latitude
    31.2769385

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    FAQs

    What type of property is this?
    Individual retail property - High-yield NNN retail investment. Strong tenant, long lease.
    Where is this individual retail property located?
    The property is located at 17 Minchew Rd Axson, GA.
    What is the asking price?
    The asking price for this property is $1,578,171.
    What are key features of this property?
    This property features: New 15-year absolute NNN lease with 13.75 years remaining.; Zero landlord responsibilities.; Five, five-year options with 10% rent increases each.
    Request Owner's contact information
    17 Minchew Rd Axson, GA 31624
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    Axson, GA 31624
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17 Minchew Rd Axson, GA 31624
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