17 Minchew Rd Axson, GA 31624-6220
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.
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Dollar General Discount Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.