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Property profile & analytics
OFF-MARKET
Commercial land

17 Minchew Rd Axson, GA 31624-6220

1,332 SF 0.52 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US22-3660468
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1900
Total area 1,332 SF
Lot 0.52 ac (22,651 SF)
APN 0050A-029
UPID US22-3660468
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Teramore Development LLC · 3 yrs held
Teramore Development LLC
since 2022
Last sale
$190,000
1 recorded transaction
2022
$190,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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